Wollomombi is a quiet locality in New South Wales within the Armidale Regional local government area (postcode 2350). It is home to about 119 residents, with an established demographic and a median age of 41. Households earn a median income of $57K per year, with an average household size of 2.4 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 managers, labourers, professionals. Employment in the area leans toward agriculture and retail trade. The top ancestries reported are Australian, English, Scottish.
Median house prices in Wollomombi stand at $250,000, having surged by 108.3% over the last twelve months. The current median weekly rent is $480. This gives a gross rental yield of approximately 10.0%. 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 6,143 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 10.0%, which reads as high yield. Property prices sit below the state median ($250K/$1.5M), which can point to relative value. The price-to-income ratio of 4.4x is considered affordable. House prices have moved +108.3% year-on-year.