Wheeo (postcode 2583) is a sparsely populated locality in New South Wales within the Upper Lachlan Shire local government area. With a population of 68, the suburb has a settled, mature resident base with a median age of 50. Households earn a median income of $117K per year, with an average household size of 2.8 people. NSW employment has moved +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, professionals, technicians & trades. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Irish.
Median house prices in Wheeo sit at $350,000, little changed on a year ago. The current median weekly rent is $390. This gives a gross rental yield of approximately 5.8%. The median monthly mortgage repayment is $1,400.
Public transport access includes 11 bus stops. The crime rate in the Upper Lachlan Shire LGA is low at 1,532 incidents per 100,000 population.
From an investment perspective, Wheeo shows a gross rental yield of approximately 5.8%, rated as high yield. Property prices sit below the state median ($350K/$1.5M), which can point to relative value. The price-to-income ratio of 3.0x is considered affordable. House prices have moved +0.0% year-on-year.