Wollar is a sparsely populated locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). With a population of 52, the suburb has a blend of families and working-age professionals with a median age of 35. Households earn a median income of $98K per year, with an average household size of 2.3 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 machinery operators & drivers, managers, professionals. The top ancestries reported are English, Irish, Scottish.
Wollar has a median house price of $223,000, which has risen steeply by 20.3% year-on-year. The current median weekly rent is $590. This gives a gross rental yield of approximately 13.8%.
Public transport access includes 7 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 13.8% (high yield). Property prices sit below the state median ($223K/$1.5M), which can point to relative value. The price-to-income ratio of 2.3x is considered affordable. House prices have moved +20.3% year-on-year.