Wandera is a quiet locality in New South Wales within the Inverell local government area (postcode 2360). With a population of 15, the suburb has a mature demographic with a median age of 52. Households earn a median income of $47K per year, with an average household size of 1.5 people. The top ancestries reported are Australian, English, Filipino.
The median house price in Wandera is $73,000, having dropped significantly 55.8% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 28.5%. The median monthly mortgage repayment is $1,276.
The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Wandera offers a gross rental yield of 28.5%, rated as high yield. Property prices sit below the state median ($73K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.6x is considered affordable. House prices have moved -55.8% year-on-year.
Wandera is a quiet locality in New South Wales within the Inverell local government area (postcode 2360). With a population of 15, the suburb has a mature demographic with a median age of 52. Households earn a median income of $47K per year, with an average household size of 1.5 people. The top ancestries reported are Australian, English, Filipino.
The median house price in Wandera is $73,000, having dropped significantly 55.8% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 28.5%. The median monthly mortgage repayment is $1,276.
The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Wandera offers a gross rental yield of 28.5%, rated as high yield. Property prices sit below the state median ($73K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.6x is considered affordable. House prices have moved -55.8% year-on-year.