Located in New South Wales within the Liverpool Plains local government area, Werris Creek is a small community (postcode 2341). It is home to about 1,478 residents, with a mature demographic and a median age of 50. Households earn a median income of $49K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.1% 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, community & personal service, labourers. Employment in the area leans toward transport & logistics and healthcare. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Werris Creek is $350,000, having risen steeply by 14.3% over the past year. The current median weekly rent is $330. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $906.
Werris Creek is served by 1 school, including 1 primary. The average ICSEA score is 836, which is well below the national average of 1,000. Public transport access includes 2 rail stations, 51 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Liverpool Plains LGA is below average at 3,913 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 4.9% (moderate yield). Property prices sit below the state median ($350K/$1.5M), which can point to relative value. The price-to-income ratio of 7.2x is considered moderate. House prices have moved +14.3% year-on-year. Population growth of -0.1% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.