Wollomombi is a quiet locality in New South Wales within the Armidale Regional local government area (postcode 2350). With a population of 119, the suburb has an established demographic with a median age of 41. Households earn a median income of $57K per year, with an average household size of 2.4 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Wollomombi is $371,000, having surged 301.2% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 6.7%. The median monthly mortgage repayment is $1,167.
Wollomombi is served by 1 school, including 1 primary. Public transport access includes 5 bus stops. The crime rate in the Armidale Regional LGA is moderate at 6,478 incidents per 100,000 population.
From an investment perspective, Wollomombi offers a gross rental yield of 6.7%, rated as high yield. Property prices sit below the state median ($371K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.5x is considered moderate. House prices have moved +301.2% year-on-year.
Wollomombi is a quiet locality in New South Wales within the Armidale Regional local government area (postcode 2350). With a population of 119, the suburb has an established demographic with a median age of 41. Households earn a median income of $57K per year, with an average household size of 2.4 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Wollomombi is $371,000, having surged 301.2% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 6.7%. The median monthly mortgage repayment is $1,167.
Wollomombi is served by 1 school, including 1 primary. Public transport access includes 5 bus stops. The crime rate in the Armidale Regional LGA is moderate at 6,478 incidents per 100,000 population.
From an investment perspective, Wollomombi offers a gross rental yield of 6.7%, rated as high yield. Property prices sit below the state median ($371K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.5x is considered moderate. House prices have moved +301.2% year-on-year.