Wareemba is a small community in New South Wales within the Canada Bay local government area (postcode 2046). With a population of 1,519, the suburb has an established demographic with a median age of 43. Households earn a median income of $119K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Italian, English, Australian.
The median house price in Wareemba is $3.0 million, having grown strongly 8.3% over the past year. Units have a median price of $1.3 million (-17.3% YoY). The current median weekly rent is $868. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $3,033.
Public transport access includes 5 bus stops. The crime rate in the Canada Bay LGA is below average at 2,018 incidents per 100,000 population.
From an investment perspective, Wareemba offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($3.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 24.7x is considered stretched. House prices have moved +8.3% year-on-year.
Wareemba is a small community in New South Wales within the Canada Bay local government area (postcode 2046). With a population of 1,519, the suburb has an established demographic with a median age of 43. Households earn a median income of $119K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Italian, English, Australian.
The median house price in Wareemba is $3.0 million, having grown strongly 8.3% over the past year. Units have a median price of $1.3 million (-17.3% YoY). The current median weekly rent is $868. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $3,033.
Public transport access includes 5 bus stops. The crime rate in the Canada Bay LGA is below average at 2,018 incidents per 100,000 population.
From an investment perspective, Wareemba offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($3.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 24.7x is considered stretched. House prices have moved +8.3% year-on-year.