Located in New South Wales within the Bega Valley local government area, Wapengo is a sparsely populated locality (postcode 2550). It is home to about 93 residents, with a more retirement-aged population and a median age of 60. Households earn a median income of $73K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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 clerical & administrative, professionals, managers. Employment in the area leans toward agriculture and public admin & safety. The top ancestries reported are English, Australian, Scottish.
Wapengo has a median house price of $2.0 million, which has surged by 34.2% year-on-year. The current median weekly rent is $470. This gives a gross rental yield of approximately 1.2%. 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 2,313 incidents per 100,000 population.
On the investment side, Wapengo shows a gross rental yield of approximately 1.2%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 27.4x is considered stretched. House prices have moved +34.2% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.