Located in New South Wales within the Narrabri local government area, Wee Waa is a smaller suburb (postcode 2388). It is home to about 2,034 residents, with a settled mid-life population and a median age of 38. Households earn a median income of $67K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.4% 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 machinery operators & drivers, managers, professionals. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in Wee Waa stand at $308,000, having eased back by 2% over the last twelve months. The current median weekly rent is $490. This gives a gross rental yield of approximately 8.3%. The median monthly mortgage repayment is $1,083.
Wee Waa is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 868, which is well below the national average of 1,000. Public transport access includes 11 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Narrabri LGA is moderate at 5,724 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 8.3% (high yield). Property prices sit below the state median ($308K/$1.5M), which can point to relative value. The price-to-income ratio of 4.6x is considered affordable. House prices have moved -2.0% year-on-year. Population growth of -0.4% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.