Wallis Lake is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2428). With a population of 6, the suburb has an older demographic with a median age of 72. Households earn a median income of $47K per year, with an average household size of 1.7 people.
The median house price in Wallis Lake is $1.5 million, having surged 2900% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 1.7%.
The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Wallis Lake offers a gross rental yield of 1.7%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 32.1x is considered stretched. House prices have moved +2900.0% year-on-year.
Wallis Lake is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2428). With a population of 6, the suburb has an older demographic with a median age of 72. Households earn a median income of $47K per year, with an average household size of 1.7 people.
The median house price in Wallis Lake is $1.5 million, having surged 2900% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 1.7%.
The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Wallis Lake offers a gross rental yield of 1.7%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 32.1x is considered stretched. House prices have moved +2900.0% year-on-year.