Wangi Wangi is a smaller suburb in New South Wales within the Lake Macquarie local government area (postcode 2267). With a population of 2,920, the suburb has a mature demographic with a median age of 54. Households earn a median income of $70K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Wangi Wangi is $885,000, having dipped slightly 1.9% over the past year. Units have a median price of $805,000 (+33.1% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,830.
Wangi Wangi is served by 1 school, including 1 primary. The average ICSEA score is 987, which is around the national average of 1,000. Public transport access includes 32 bus stops. The crime rate in the Lake Macquarie LGA is below average at 3,396 incidents per 100,000 population.
From an investment perspective, Wangi Wangi offers a gross rental yield of 3.8%, rated as moderate yield. Property prices sit below the state median ($885K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.7x is considered stretched. House prices have moved -1.9% year-on-year.
Wangi Wangi is a smaller suburb in New South Wales within the Lake Macquarie local government area (postcode 2267). With a population of 2,920, the suburb has a mature demographic with a median age of 54. Households earn a median income of $70K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Wangi Wangi is $885,000, having dipped slightly 1.9% over the past year. Units have a median price of $805,000 (+33.1% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,830.
Wangi Wangi is served by 1 school, including 1 primary. The average ICSEA score is 987, which is around the national average of 1,000. Public transport access includes 32 bus stops. The crime rate in the Lake Macquarie LGA is below average at 3,396 incidents per 100,000 population.
From an investment perspective, Wangi Wangi offers a gross rental yield of 3.8%, rated as moderate yield. Property prices sit below the state median ($885K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.7x is considered stretched. House prices have moved -1.9% year-on-year.