Wallerawang is a smaller suburb in New South Wales within the Lithgow local government area (postcode 2845). With a population of 2,019, the suburb has an established demographic with a median age of 39. Households earn a median income of $74K per year, with an average household size of 2.6 people. The most common occupations are technicians & trades, community & personal service, machinery operators & drivers. The top ancestries reported are English, Australian, Scottish.
The median house price in Wallerawang is $500,000, having dropped significantly 9.1% over the past year. Units have a median price of $410,000 (+17.6% YoY). The current median weekly rent is $420. This gives a gross rental yield of approximately 4.4%. The median monthly mortgage repayment is $1,517.
Wallerawang is served by 1 school, including 1 primary. The average ICSEA score is 909, which is below the national average of 1,000. Public transport access includes 4 rail stations, 48 bus stops. The crime rate in the Lithgow LGA is moderate at 4,769 incidents per 100,000 population.
From an investment perspective, Wallerawang offers a gross rental yield of 4.4%, rated as moderate yield. Property prices sit below the state median ($500K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.8x is considered moderate. House prices have moved -9.1% year-on-year.
Wallerawang is a smaller suburb in New South Wales within the Lithgow local government area (postcode 2845). With a population of 2,019, the suburb has an established demographic with a median age of 39. Households earn a median income of $74K per year, with an average household size of 2.6 people. The most common occupations are technicians & trades, community & personal service, machinery operators & drivers. The top ancestries reported are English, Australian, Scottish.
The median house price in Wallerawang is $500,000, having dropped significantly 9.1% over the past year. Units have a median price of $410,000 (+17.6% YoY). The current median weekly rent is $420. This gives a gross rental yield of approximately 4.4%. The median monthly mortgage repayment is $1,517.
Wallerawang is served by 1 school, including 1 primary. The average ICSEA score is 909, which is below the national average of 1,000. Public transport access includes 4 rail stations, 48 bus stops. The crime rate in the Lithgow LGA is moderate at 4,769 incidents per 100,000 population.
From an investment perspective, Wallerawang offers a gross rental yield of 4.4%, rated as moderate yield. Property prices sit below the state median ($500K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.8x is considered moderate. House prices have moved -9.1% year-on-year.