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Wyee, NSW 2259

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 Wyee, NSW 2259 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

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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 “Wyee, NSW 2259”

  1. The total adult population (15 years or older) of Wyee 2259 NSW is 2,491, with a median age of 49. Of those, 48.21% are married, 12.24% are divorced or separated, 29.55% are single and 9.80% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $6,900. The median monthly mortgage repayment for households in this suburb is $1,950 which is 28.26% of their earnings.

    Source: ABS Census Data (2021)

  2. Tucked away in the bustling state of New South Wales, the suburb of WYEE 2259 boasts a family-friendly atmosphere made up of an estimated 1629 households. The third quarter of 2023 has seen the typical property prices for houses here stabilise at $883,604. Property investors looking for stable returns can explore the opportunity in this investment haven. The median weekly rent in Wyee rounds off at a solid $576. When taken together, these figures produce an indicative yield of 3.39%, satisfying the minimum market requirement to pleasure the taste of cashflow-centered property investors.

    Diving a little deeper, we observe an IRSAD score of 959 out of 1217, embodying relatively strong socio-economic conditions that reflect in good health, access to economic resources, and low levels of disadvantage. This is promising, considering that higher IRSAD scores suggest better living conditions and are typically associated with longer tenancy periods.

    For investors considering the suburb’s rental potential, they’ll be pleased by the relatively low renter to owner ratio standing at 14%, providing an atmosphere that is not oversaturated with rentals. Coupled with the unit to house ratio at a mere 1%, the market presents more houses than units, lowering potential competition among landlords for tenants and helping maintain higher rental yields.

    The current affordability index for houses in WYEE stands at 50 years. While this suggests lowered immediate affordability, long-term investors will find potential for capital gains as property prices gradually rise.

    The supply for houses in the market is almost negligible, with stock on market Percentage and inventory level for houses sitting docile at 0.0%. While this might be challenging for newcomers attempting to break into the market, it signals a favourable condition for current owners as the low supply may lead to increased pricing over time.

    Additionally, an intriguing play of numbers is seen in the building approvals Ratio for houses, which notes an upward trajectory at 4.18%. This indicates an influx of new development that could potentially heighten the supply in the coming future.

    The allure of WYEE is further reflected by the concise 24 days on average that properties spend on the market before rental or purchase. Furthermore, the low vacancy rate of 0.9% again indicates high demand for dwellings in this suburb. Couple this with the reasonable buy search index for houses at 5, there’s firm evidence of a stable and continued demand.

    In conclusion, WYEE 2259 is proving to be an area worth consideration for both property investors and homebuyers alike. While some metrics like the affordability index measure on the higher side, the overall low supply and high demand create a competitive and promising property environment. Looking ahead, knowing trends can be as important as understanding the current data points, so keep an eye on the horizon while considering your property decisions in this appealing NSW suburb.

    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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