Wards Mistake is a quiet locality in New South Wales within the Armidale Regional local government area (postcode 2350). With a population of 27, the suburb has a mature demographic with a median age of 51. Households earn a median income of $68K per year, with an average household size of 2.1 people. The top ancestries reported are Australian, English, Irish.
The median house price in Wards Mistake is $1.0 million, having dropped significantly 77.8% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 2.5%.
Public transport access includes 1 bus stop. The crime rate in the Armidale Regional LGA is moderate at 6,478 incidents per 100,000 population.
From an investment perspective, Wards Mistake offers a gross rental yield of 2.5%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.6x is considered stretched. House prices have moved -77.8% year-on-year.
Wards Mistake is a quiet locality in New South Wales within the Armidale Regional local government area (postcode 2350). With a population of 27, the suburb has a mature demographic with a median age of 51. Households earn a median income of $68K per year, with an average household size of 2.1 people. The top ancestries reported are Australian, English, Irish.
The median house price in Wards Mistake is $1.0 million, having dropped significantly 77.8% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 2.5%.
Public transport access includes 1 bus stop. The crime rate in the Armidale Regional LGA is moderate at 6,478 incidents per 100,000 population.
From an investment perspective, Wards Mistake offers a gross rental yield of 2.5%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.6x is considered stretched. House prices have moved -77.8% year-on-year.