Wards River (postcode 2422) is a small, quiet locality in New South Wales within the Mid-Coast local government area. With a population of 178, the suburb has a predominantly older resident base with a median age of 55. Households earn a median income of $41K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 managers, labourers, technicians & trades. Employment in the area leans toward agriculture and construction. The top ancestries reported are Australian, English, Scottish.
The median house price in Wards River is $840,000, having jumped by 41.2% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 3.0%. 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 3,779 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.0% (low yield). Property prices sit below the state median ($840K/$1.5M), which can point to relative value. The price-to-income ratio of 20.6x is considered stretched. House prices have moved +41.2% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.