Wee Waa is a smaller suburb in New South Wales within the Narrabri local government area (postcode 2388). With a population of 2,034, the suburb has an established demographic with a median age of 38. Households earn a median income of $67K per year, with an average household size of 2.5 people. The most common occupations are machinery operators & drivers, managers, professionals. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Wee Waa is $358,000, having surged 15.5% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 7.3%. 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 5,705 incidents per 100,000 population.
From an investment perspective, Wee Waa offers a gross rental yield of 7.3%, rated as high yield. Property prices sit below the state median ($358K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.4x is considered affordable. House prices have moved +15.5% year-on-year.
Wee Waa is a smaller suburb in New South Wales within the Narrabri local government area (postcode 2388). With a population of 2,034, the suburb has an established demographic with a median age of 38. Households earn a median income of $67K per year, with an average household size of 2.5 people. The most common occupations are machinery operators & drivers, managers, professionals. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Wee Waa is $358,000, having surged 15.5% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 7.3%. 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 5,705 incidents per 100,000 population.
From an investment perspective, Wee Waa offers a gross rental yield of 7.3%, rated as high yield. Property prices sit below the state median ($358K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.4x is considered affordable. House prices have moved +15.5% year-on-year.