Located in New South Wales within the Nambucca Valley local government area, Way Way is a quiet locality (postcode 2447). It is home to about 265 residents, with a predominantly older resident base and a median age of 55. Households earn a median income of $72K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.9% 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 professionals, managers, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Way Way stand at $1.1 million, having fallen sharply by 17% over the last twelve months. The current median weekly rent is $500. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,250.
Public transport access includes 5 bus stops. The crime rate in the Nambucca Valley LGA is moderate at 4,255 incidents per 100,000 population.
From an investment perspective, Way Way shows a gross rental yield of approximately 2.5%, rated as low yield. Property prices sit below the state median ($1.1M/$1.5M), which can point to relative value. The price-to-income ratio of 14.7x is considered stretched. House prices have moved -17.0% year-on-year. Population growth of +0.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.