Located in New South Wales within the Blacktown local government area, Whalan is a moderately sized suburb (postcode 2770). The area has roughly 5,929 residents and a mix of families and early-career residents, with a median age of 34. Households earn a median income of $60K per year, with an average household size of 2.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.2% 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 machinery operators & drivers, labourers, clerical & administrative. Employment in the area leans toward retail trade and transport & logistics. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Whalan is $880,000, having risen steeply by 12.6% over the past year. The current median weekly rent is $530. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,733.
Whalan is served by 3 schools, including 2 primary, 1 special. The average ICSEA score is 896, which is well below the national average of 1,000. Public transport access includes 38 bus stops. The crime rate in the Blacktown LGA is below average at 3,307 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 3.1%, which reads as moderate yield. Property prices sit below the state median ($880K/$1.5M), which can point to relative value. The price-to-income ratio of 14.6x is considered stretched. House prices have moved +12.6% year-on-year. Population growth of +2.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.