Wagin (postcode 6315) is a close-knit residential community in Western Australia within the Wagin local government area. With a population of 1,448, the suburb has an older-leaning population with a median age of 51. Households earn a median income of $56K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% year-on-year at the LGA level. WA employment has moved +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 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 labourers, technicians & trades, managers. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Scottish.
Median house prices in Wagin stand at $275,000, having climbed sharply by 44.7% over the last twelve months. The current median weekly rent is $375. This gives a gross rental yield of approximately 7.1%. The median monthly mortgage repayment is $932.
Wagin is served by 1 school, including 1 combined. The average ICSEA score is 934, which is below the national average of 1,000. Public transport access includes 1 bus stop. Healthcare facilities include 1 public hospital.
Looking at the investment signals, Gross rental yield sits at around 7.1% (high yield). Property prices sit below the state median ($275K/$951K), which can point to relative value. The price-to-income ratio of 4.9x is considered affordable. House prices have moved +44.7% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.