Wagin is a small community in Western Australia within the Wagin local government area (postcode 6315). With a population of 1,448, the suburb has a mature demographic with a median age of 51. Households earn a median income of $56K per year, with an average household size of 2.1 people. The most common occupations are labourers, technicians & trades, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Wagin is $275,000, having surged 44.7% over the past year. The current median weekly rent is $360. This gives a gross rental yield of approximately 6.8%. 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.
From an investment perspective, Wagin offers a gross rental yield of 6.8%, rated as high yield. Property prices sit below the state median ($275K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 4.9x is considered affordable. House prices have moved +44.7% year-on-year.
Wagin is a small community in Western Australia within the Wagin local government area (postcode 6315). With a population of 1,448, the suburb has a mature demographic with a median age of 51. Households earn a median income of $56K per year, with an average household size of 2.1 people. The most common occupations are labourers, technicians & trades, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Wagin is $275,000, having surged 44.7% over the past year. The current median weekly rent is $360. This gives a gross rental yield of approximately 6.8%. 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.
From an investment perspective, Wagin offers a gross rental yield of 6.8%, rated as high yield. Property prices sit below the state median ($275K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 4.9x is considered affordable. House prices have moved +44.7% year-on-year.