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Wangi Wangi, NSW 2267

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Wangi Wangi, NSW 2267 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

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Rent 

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Yield 

2BR

3BR

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5BR

Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Wangi Wangi, NSW 2267”

  1. The total adult population (15 years or older) of Wangi Wangi 2267 NSW is 2,501, with a median age of 54. Of those, 52.26% are married, 16.07% are divorced or separated, 25.99% are single and 6.00% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,680. The median monthly mortgage repayment for households in this suburb is $1,830 which is 27.40% of their earnings.

    Source: ABS Census Data (2021)

  2. The New South Wales suburb of Wangi Wangi, postcode 2267, is a community defined by its estimated 1709 households. Stepping into the third quarter of 2023, the local housing market presents an economically attractive scene for property investors and buyers alike.

    Currently, houses in Wangi Wangi are priced typically at around $832,397. With a median weekly rent set at $512, property investors can anticipate an indicative yield of 3.2% which is good news for cashflow-centered investors as it crosses the minimum attractive market requirement of 3%.

    Delving deeper into the socio-economic and affordability aspects of Wangi Wangi, we find this suburb impresses with an IRSAD score of 975 out of 1217, suggesting that residents enjoy access to economic resources and live at relative comfort levels. In addition, the suburb exhibits a low renter to owner ratio of 21%, a promising sign for property owners as markets below 30% tend to deliver better long-term returns.

    Further good news for investors comes in the form of a favourable units-to-houses ratio, which stands at just 2%, promoting less competition among landlords and longer tenancy periods. However, it’s worth noting the affordability index stands at 49 years, indicating a lower degree of affordability which could impact the pool of potential buyers or renters.

    Inspecting the supply-side metrics, the stock on market percentage for houses sits at a favourable 0.19%, indicating low supply. The inventory level comes in at 2.4 months, showcasing a healthy level of absorption for new listings. Furthermore, the building approvals ratio hovers at 0.56%, keeping an enticing low supply of new dwelling stock in sight for future prospects.

    On the demand-side, the average number of days houses remain listed for sale is 64; somewhat neutral, but leaning towards high demand. The vacancy rate, both for houses and units, is marginal at 0.84%, indicating a strong demand, and therefore, excellent rental prospects. Rounding up the data, the buy search index for houses in Wangi Wangi is 5, signalling that online house buying interest holds steady on par with the state or city average.

    In summary, while the affordability index presents a challenge, a majority of other key metrics such as yields, socio-economic score, renter to owner ratio, units to houses ratio, SoM percentage, inventory, building approvals, vacancy rates, and the buy search index all point towards favourable market conditions for investments in the Wangi Wangi property market.

    Investors are reminded of the importance of tracking trends across these key metrics using tools such as the Relative Composite Score (RCS) developed by HtAG Analytics, which consolidates over 80 metrics for comprehensive market analysis.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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