Wingello (postcode 2579) is a small community in New South Wales within the Wingecarribee local government area. The area has roughly 647 residents and an established demographic, with a median age of 43. Households earn a median income of $80K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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 professionals, technicians & trades, machinery operators & drivers. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Irish.
Wingello has a median house price of $1.0 million, which has declined steeply by 20% year-on-year. The current median weekly rent is $680. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,980.
Wingello is served by 1 school, including 1 primary. The average ICSEA score is 1001, which is around the national average of 1,000. Public transport access includes 3 rail stations, 1 bus stop. The crime rate in the Wingecarribee LGA is low at 1,470 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 3.5% (moderate yield). Property prices sit below the state median ($1.0M/$1.5M), which can point to relative value. The price-to-income ratio of 12.5x is considered stretched. House prices have moved -20.0% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.