Wapengo is a quiet locality in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 93, the suburb has an older demographic with a median age of 60. Households earn a median income of $73K per year, with an average household size of 2 people. The most common occupations are clerical & administrative, professionals, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Wapengo is $804,000, having dropped significantly 59.8% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,200.
Public transport access includes 3 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Wapengo offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($804K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.0x is considered stretched. House prices have moved -59.8% year-on-year.
Wapengo is a quiet locality in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 93, the suburb has an older demographic with a median age of 60. Households earn a median income of $73K per year, with an average household size of 2 people. The most common occupations are clerical & administrative, professionals, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Wapengo is $804,000, having dropped significantly 59.8% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,200.
Public transport access includes 3 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Wapengo offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($804K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.0x is considered stretched. House prices have moved -59.8% year-on-year.