Located in New South Wales within the Upper Hunter Shire local government area, Wingen is a small, quiet locality (postcode 2337). It is home to about 277 residents, with an established demographic and a median age of 41. Households earn a median income of $82K per year, with an average household size of 2.5 people. 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, managers, clerical & administrative. Employment in the area leans toward agriculture and accommodation & food. The top ancestries reported are Australian, English, Irish.
Wingen has a median house price of $538,000, which has climbed sharply by 29.5% year-on-year. The current median weekly rent is $550. This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $1,517.
Public transport access includes 8 bus stops. The crime rate in the Upper Hunter Shire LGA is below average at 3,369 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 5.3% (high yield). Property prices sit below the state median ($538K/$1.5M), which can point to relative value. The price-to-income ratio of 6.6x is considered moderate. House prices have moved +29.5% year-on-year.