Wilcannia is a small locality in New South Wales within the Central Darling local government area (postcode 2836). With a population of 735, the suburb has a mix of families and early-career residents with a median age of 32. Households earn a median income of $63K per year, with an average household size of 2.8 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 managers, labourers, professionals. Employment in the area leans toward agriculture and education. The top ancestries reported are Aboriginal Australian, Australian, English.
The median house price in Wilcannia is $110,000, having climbed sharply by 54.3% over the past year. The current median weekly rent is $150. This gives a gross rental yield of approximately 7.1%. The median monthly mortgage repayment is $1,350.
Wilcannia is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 706, which is well below the national average of 1,000. Public transport access includes 3 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Central Darling LGA is low at 0 incidents per 100,000 population.
Looking at the investment signals, Wilcannia shows a gross rental yield of approximately 7.1%, rated as high yield. Property prices sit below the state median ($110K/$1.5M), which can point to relative value. The price-to-income ratio of 1.7x is considered affordable. House prices have moved +54.3% 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.