Wanganella is a quiet locality in New South Wales within the Edward River local government area (postcode 2710). The area has roughly 61 residents and an established family 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. 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 most common occupations are managers, labourers. Employment in the area leans toward agriculture and accommodation & food. The top ancestries reported are English, Australian, Scottish.
Median house prices in Wanganella sit at $107,000, little changed on a year ago. The current median weekly rent is $388. This gives a gross rental yield of approximately 18.9%. 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 5,635 incidents per 100,000 population.
On the investment side, Wanganella shows a gross rental yield of approximately 18.9%, rated as high yield. Property prices sit below the state median ($107K/$1.5M), which can point to relative value. The price-to-income ratio of 1.5x is considered affordable. House prices have moved +0.0% 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.