Located in Victoria within the Indigo local government area, Wahgunyah is a close-knit residential community (postcode 3687). It is home to about 1,061 residents, with an older-leaning population and a median age of 49. Households earn a median income of $67K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 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, labourers, managers. Employment in the area leans toward manufacturing and healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in Wahgunyah sit at $214,000, little changed on a year ago. The current median weekly rent is $480. This gives a gross rental yield of approximately 11.7%. The median monthly mortgage repayment is $1,473.
Wahgunyah is served by 1 school, including 1 primary. The average ICSEA score is 989, which is around the national average of 1,000. Public transport access includes 6 bus stops. The crime rate in the Indigo LGA is below average at 3,341 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 11.7% (high yield). Property prices sit below the state median ($214K/$875K), which can point to relative value. The price-to-income ratio of 3.2x is considered affordable. House prices have moved +0.0% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.