Located in New South Wales within the Edward River local government area, Warragoon is a sparsely populated locality (postcode 2710). It is home to about 98 residents, with a mature demographic and a median age of 46. Households earn a median income of $74K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% 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, professionals. Employment in the area leans toward agriculture and public admin & safety. The top ancestries reported are English, Australian, Irish.
The median house price in Warragoon is $205,000, broadly unchanged over the past year. The current median weekly rent is $388. This gives a gross rental yield of approximately 9.8%. The median monthly mortgage repayment is $934.
The crime rate in the Edward River LGA is moderate at 5,635 incidents per 100,000 population.
From an investment perspective, Warragoon shows a gross rental yield of approximately 9.8%, rated as high yield. Property prices sit below the state median ($205K/$1.5M), which can point to relative value. The price-to-income ratio of 2.8x is considered affordable. House prices have moved +0.0% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.