Wongwibinda is a small, quiet locality in New South Wales within the Armidale Regional local government area (postcode 2350). The area has roughly 62 residents and an established family demographic, with a median age of 40. Households earn a median income of $75K 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, clerical & administrative. Employment in the area leans toward agriculture and retail trade. The top ancestries reported are Australian, English, Scottish.
Median house prices in Wongwibinda sit at $2.3 million, little changed on a year ago. The current median weekly rent is $480. This gives a gross rental yield of approximately 1.1%. The median monthly mortgage repayment is $1,060.
Public transport access includes 4 bus stops. The crime rate in the Armidale Regional LGA is moderate at 6,143 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 1.1% (low yield). Property prices are above the state median ($2.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 29.9x is considered stretched. House prices have moved +0.0% year-on-year.