Located in New South Wales within the Central Coast (NSW) local government area, Wendoree Park is a quiet locality (postcode 2250). The area has roughly 131 residents and a mature demographic, with a median age of 46. Households earn a median income of $122K 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 +0.7% 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, technicians & trades, community & personal service. Employment in the area leans toward wholesale trade and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Wendoree Park is $285,000, having dropped significantly by 56.2% over the past year. The current median weekly rent is $650. This gives a gross rental yield of approximately 11.9%. The median monthly mortgage repayment is $1,625.
The crime rate in the Central Coast (NSW) LGA is below average at 3,557 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 11.9%, which reads as high yield. Property prices sit below the state median ($285K/$1.5M), which can point to relative value. The price-to-income ratio of 2.3x is considered affordable. House prices have moved -56.2% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.