Wallerawang is a smaller residential area in New South Wales within the Lithgow local government area (postcode 2845). The area has roughly 2,019 residents and a settled mid-life population, with a median age of 39. Households earn a median income of $74K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.5% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, community & personal service, machinery operators & drivers. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are English, Australian, Scottish.
The median house price in Wallerawang is $550,000, having ticked up by 1.4% over the past year. The current median weekly rent is $555. This gives a gross rental yield of approximately 5.2%. 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 4,772 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 5.2%, which reads as high yield. Property prices sit below the state median ($550K/$1.5M), which can point to relative value. The price-to-income ratio of 7.4x is considered moderate. House prices have moved +1.4% year-on-year. Population growth of -0.5% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.