Located in New South Wales within the Inverell local government area, Wandera is a quiet locality (postcode 2360). It is home to about 15 residents, with an older-leaning population and a median age of 52. Households earn a median income of $47K per year, with an average household size of 1.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% 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 top ancestries reported are Australian, English, Filipino.
Wandera has a median house price of $165,000, which has dropped significantly by 44.1% year-on-year. The current median weekly rent is $420. This gives a gross rental yield of approximately 13.2%. The median monthly mortgage repayment is $1,276.
The crime rate in the Inverell LGA is moderate at 5,178 incidents per 100,000 population.
Looking at the investment signals, Wandera shows a gross rental yield of approximately 13.2%, rated as high yield. Property prices sit below the state median ($165K/$1.5M), which can point to relative value. The price-to-income ratio of 3.5x is considered affordable. House prices have moved -44.1% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.