Located in New South Wales within the Bland local government area, Wyalong is a small community (postcode 2671). With a population of 620, the suburb has an established demographic with a median age of 44. Households earn a median income of $73K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.2% year-on-year at the LGA level. 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 technicians & trades, machinery operators & drivers, labourers. Employment in the area leans toward mining and retail trade. The top ancestries reported are Australian, English, Irish.
The median house price in Wyalong is $311,000, having surged by 41.5% over the past year. The current median weekly rent is $382. This gives a gross rental yield of approximately 6.4%. The median monthly mortgage repayment is $1,083.
Wyalong is served by 1 school, including 1 primary. The average ICSEA score is 921, which is below the national average of 1,000. Public transport access includes 45 bus stops. The crime rate in the Bland LGA is below average at 2,800 incidents per 100,000 population.
From an investment perspective, Wyalong shows a gross rental yield of approximately 6.4%, rated as high yield. Property prices sit below the state median ($311K/$1.5M), which can point to relative value. The price-to-income ratio of 4.3x is considered affordable. House prices have moved +41.5% year-on-year. Population growth of -0.2% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.