West Wyalong (postcode 2671) is a compact suburb in New South Wales within the Bland local government area. It is home to about 3,037 residents, with an established family demographic and a median age of 42. Households earn a median income of $74K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.2% 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 technicians & trades, machinery operators & drivers, managers. Employment in the area leans toward mining and agriculture. The top ancestries reported are Australian, English, Irish.
Median house prices in West Wyalong stand at $463,000, having surged by 18.6% over the last twelve months. Units have a median price of $420,000 (+5% YoY). The current median weekly rent is $382. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,253.
West Wyalong is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 972, which is around the national average of 1,000. Public transport access includes 6 rail stations, 79 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Bland LGA is below average at 2,800 incidents per 100,000 population.
From an investment perspective, West Wyalong shows a gross rental yield of approximately 4.3%, rated as moderate yield. Property prices sit below the state median ($463K/$1.5M), which can point to relative value. The price-to-income ratio of 6.2x is considered moderate. House prices have moved +18.6% year-on-year. Population growth of -0.2% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.