Wombeyan Caves (postcode 2580) is a sparsely populated locality in New South Wales within the Upper Lachlan Shire local government area. The area has roughly 53 residents and an older demographic, with a median age of 55. Households earn a median income of $47K per year, with an average household size of 2 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 professionals, machinery operators & drivers. Employment in the area leans toward agriculture and real estate. The top ancestries reported are English, Australian, Scottish.
Median house prices in Wombeyan Caves stand at $273,000, having dropped significantly by 33.5% over the last twelve months. The current median weekly rent is $520. This gives a gross rental yield of approximately 9.9%. The median monthly mortgage repayment is $1,197.
The crime rate in the Upper Lachlan Shire LGA is low at 1,619 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 9.9% (high yield). Property prices sit below the state median ($273K/$1.5M), which can point to relative value. The price-to-income ratio of 5.8x is considered affordable. House prices have moved -33.5% year-on-year.