Wongarbon is a close-knit residential community in New South Wales within the Dubbo Regional local government area (postcode 2831). The area has roughly 814 residents and an established family demographic, with a median age of 38. Households earn a median income of $98K per year, with an average household size of 2.9 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, technicians & trades, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in Wongarbon stand at $545,000, having fallen sharply by 13.5% over the last twelve months. The median weekly rent is $320 (Census 2021). This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,517.
Wongarbon is served by 1 school, including 1 primary. The average ICSEA score is 973, which is around the national average of 1,000. Public transport access includes 4 rail stations, 23 bus stops. The crime rate in the Dubbo Regional LGA is moderate at 6,970 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 3.1%, which reads as moderate yield. Property prices sit below the state median ($545K/$1.5M), which can point to relative value. The price-to-income ratio of 5.5x is considered affordable. House prices have moved -13.5% year-on-year.