Wayo (postcode 2580) is a small, quiet locality in New South Wales within the Upper Lachlan Shire local government area. The area has roughly 125 residents and a more retirement-aged population, with a median age of 55. Households earn a median income of $102K per year, with an average household size of 2.4 people. 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 technicians & trades, managers, professionals. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
Wayo has a median house price of $1.3 million, which has climbed sharply by 52% year-on-year. The current median weekly rent is $520. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,275.
Public transport access includes 6 bus stops. The crime rate in the Upper Lachlan Shire LGA is low at 1,619 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 2.1% (low yield). Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 12.7x is considered stretched. House prices have moved +52.0% year-on-year.