Suburb Profile Report for Wingham NSW (2429)

Wingham House: Median price $320,000, Annual capital growth 3.68%, Number of sales 130, Weekly median advertised rent $330

Wingham Unit: Median price $186,500, Annual capital growth -0.27%, Number of sales 10, Weekly median advertised rent N/A

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Wingham has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 12.28% to date .

Wingham,2429 has offered an average of 12.28% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Wingham is giving property investors an average Vendor Discount of around -3.61%. This puts suburb at number 1036th in NSW when ranking the most discounted suburbs.

Residents and property investors in Wingham have been waiting around 81.56 days to sell a property.

The NSW suburb of Wingham, 2429 is in the Greater Taree local government area.

With a capital gain of -0.27% for the last 12 months, Wingham, 2429 has performed for property investments than its average annual -0.27% property growth over the last 5 years.

Wingham,2429 was ranked 835 in Australia by increase in median property value over the quarter.

Situated 197.61km from the CBD, Wingham is one of Greater Taree localities in the postcode 2429.

Information supplied by:


February 2018

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In the suburb of Wingham, house prices fell by 0.5% in the November 2017 quarterFull summary

House prices stumble

Postcode: 2429

Median house price: $287,750

Three-year growth: 13.3%

Rental yield: 6.0%

In the suburb of Wingham, house prices fell by 0.5% in the November 2017 quarter.

This follows the 10.3% growth reported in the past 12 months leading up to November 2017, putting the median value at under $300,000. Despite the slight drop, however, Wingham has seen consistent strong growth over the past five years, and coupled with the high average rental yield of 6%, this suburb remains a good potential investment spot.

The remnant of a tropical rainforest is preserved in Wingham Brush, whose of flying foxes has since become a tourist attraction. Wingham is also the gateway to the Ellenborough Falls.

Several schools have been established in this suburb, including Wingham Public School and Wingham High School, whose agricultural show team has won awards across Australia.

Close
Metrics i HOUSE UNIT
$320,000 $186,500
1.59% 0.40%
12.28% -0.27%
3.68% -0.27%
$330 N/A
130 10
5.36% N/A
81.56 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 5312
Median household income ($/weekly) 766
Median age of persons 45
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 756 14.2
    35-44 years 550 10.4
    45-54 years 813 15.3
    55-64 years 721 13.6
    65-74 years 564 10.6
    Others 1908 35.9
    Age Group
    Census Count Percent(%)
    Registered Married 1878 49.3
    Not Married 1620 42.5
    Defacto Relationship 314 8.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4713 93.5
    New Zealand 19 0.4
    Papua New Guinea 40 0.8
    United Kingdom 149 3.0
    Other 46 0.9
    Others 73 1.4
    Country of Birth
    Census Count Percent(%)
    Christianity 3931 80.4
    No Religion 908 18.6
    Buddhism 22 0.4
    Other Religious Groups 17 0.3
    Islam 11 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 235 12.6
    $400-$599 317 17.1
    $600-$799 277 14.9
    $1,000-$1,249 188 10.1
    $1,500-$1,999 200 10.8
    Others 641 34.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1979 49.1
    Employed, worked full-time 1069 26.5
    Employed, worked part-time 688 17.1
    Unemployed, looking for work 168 4.2
    Employed, away from work 129 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 253 13.4
    Technicians & trades workers 286 15.2
    Community & personal service workers 213 11.3
    Clerical & administrative workers 222 11.8
    Labourers 362 19.2
    Others 549 29.1
    Occupation
    Census Count Percent(%)
    Pre-school 109 9.6
    Infants/Primary 461 40.4
    Secondary 386 33.9
    Technical or Further Educational Institution 125 11.0
    University or other Tertiary Institutions 43 3.8
    Others 16 1.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4684 94.3
    Semi-detached, row or terrace house, townhouse 91 1.8
    Flat, unit or apartment 150 3.0
    Caravan, cabin, houseboat 8 0.2
    House or flat attached to a shop, office 29 0.6
    Others 5 0.1
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 879 43.8
    Being purchased 634 31.6
    Rented 486 24.2
    Other tenure type 8 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals