Wards River is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2422). With a population of 178, the suburb has an older demographic with a median age of 55. Households earn a median income of $41K per year, with an average household size of 2.1 people. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Wards River is $840,000, having surged 41.2% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,465.
Public transport access includes 4 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Wards River offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($840K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 20.6x is considered stretched. House prices have moved +41.2% year-on-year.
Wards River is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2422). With a population of 178, the suburb has an older demographic with a median age of 55. Households earn a median income of $41K per year, with an average household size of 2.1 people. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Wards River is $840,000, having surged 41.2% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,465.
Public transport access includes 4 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Wards River offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($840K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 20.6x is considered stretched. House prices have moved +41.2% year-on-year.