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Wickham, NSW 2293

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 Wickham, NSW 2293 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 “Wickham, NSW 2293”

  1. The total adult population (15 years or older) of Wickham 2293 NSW is 1,501, with a median age of 32. Of those, 27.05% are married, 13.79% are divorced or separated, 57.43% are single and 1.87% are widowed.

    The average household size is 1.9 people per dwelling, and the median household monthly income is estimated to be $10,152. The median monthly mortgage repayment for households in this suburb is $2,024 which is 19.94% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Wickham, postcode 2293, is nestled within the state of New South Wales (NSW) and is estimated to house approximately 1380 households. As this residential hub enters the third quarter (Q3) of 2023, it presents a typical housing price of $1,015,329. The median weekly rent for houses here sits at $609, harking an indicative yield of roughly 3.12%.

    The socio-economic condition of Wickham, determined by an IRSAD score of 1075 out of 1217, paints a prosperous picture of the suburb. The elevated score reflects a great access to economic resources, higher income levels, and an abundance of skilled professionals residing in the area.

    However, the suburb’s renter to owner ratio is at 55%, which signifies a relatively high proportion of rental properties. This may represent a risk of lower returns in the long term due to competition amongst landlords for tenants. In addition, the units to houses ratio is also elevated at 71%, suggesting a potential oversupply of units which is generally regarded as less favourable for attracting long-term renters and sustaining high rental yields.

    That said, the supply metrics for houses in Wickham show promising signs with the stock on market percentage at a favourable low of 0.25%. The inventory level for houses also remains low at 0.75 months, signalling a strong housing absorption rate in the property market. Coupled with a substantially low building approvals ratio for houses at 0.0%, this suggests limited upcoming supply that could spur competition amongst buyers and potentially drive up prices.

    Contrary to the supply metrics, the demand indicators are fairly positive. Houses in Wickham typically spend only 25 days on the market, indicating a healthy level of demand. The vacancy rate, combining both houses and units, is recorded at 1.18%, implying strong rental demand and limited supply in the rental market.

    The buy search index for houses stands strong at 6, suggesting robust buyer interest in the area. However, a point of concern could be the suburb’s affordability index for houses, which sits at an elevated 39 years. This reflects the time, under current conditions, that it would take to fully own a property, potentially underscoring decreased affordability in the area.

    Though some metrics present challenges, a comprehensive understanding of the property market data and careful analysis of the trends can still uncover opportunities for investors. The Relative Composite Score (RCS) developed by HtAG Analytics can offer a multi-faceted view of the suburb’s profile by incorporating over 80 metrics, enabling investors to make informed decisions.

    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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