Wanganella is a quiet locality in New South Wales within the Edward River local government area (postcode 2710). With a population of 61, the suburb has an established demographic with a median age of 41. Households earn a median income of $69K per year, with an average household size of 2.4 people. The most common occupations are managers, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Wanganella is $173,000, having dropped significantly 21.6% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 12.4%. The median monthly mortgage repayment is $1,896.
Public transport access includes 1 bus stop. The crime rate in the Edward River LGA is moderate at 5,647 incidents per 100,000 population.
From an investment perspective, Wanganella offers a gross rental yield of 12.4%, rated as high yield. Property prices sit below the state median ($173K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.5x is considered affordable. House prices have moved -21.6% year-on-year.
Wanganella is a quiet locality in New South Wales within the Edward River local government area (postcode 2710). With a population of 61, the suburb has an established demographic with a median age of 41. Households earn a median income of $69K per year, with an average household size of 2.4 people. The most common occupations are managers, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Wanganella is $173,000, having dropped significantly 21.6% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 12.4%. The median monthly mortgage repayment is $1,896.
Public transport access includes 1 bus stop. The crime rate in the Edward River LGA is moderate at 5,647 incidents per 100,000 population.
From an investment perspective, Wanganella offers a gross rental yield of 12.4%, rated as high yield. Property prices sit below the state median ($173K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.5x is considered affordable. House prices have moved -21.6% year-on-year.