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Werris Creek, NSW 2341

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 Werris Creek, NSW 2341 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

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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 “Werris Creek, NSW 2341”

  1. The total adult population (15 years or older) of Werris Creek 2341 NSW is 1,233, with a median age of 50. Of those, 38.52% are married, 15.17% are divorced or separated, 37.47% are single and 9.08% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $4,856. The median monthly mortgage repayment for households in this suburb is $906 which is 18.66% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Werris Creek, postcode 2341, nestled in NSW, is a distinct community housing approximately 989 households. As of the third quarter of 2023, the typical price for houses in this area stands at $290,032. Accompanied with a median weekly rent of $292, it produces an appealing indicative yield of 5.24% that would likely pique the interest of cashflow-focused investors.

    Werris Creek exhibits a favourable socio-economic status with an IRSAD score of 808 out of 1217, indicating residents of this area having sound access to economic resources, decent income levels, and occupations primarily comprised of skilled professionals.

    Supply and demand in Werris Creek is in a healthy balance presenting a compelling space for real estate investment decisions. The renter to owner ratio is a beneficial 23%, indicating that the market is not oversaturated with rental properties and can generate solid returns for the long term. The exceedingly low units to houses ratio of 1% in the area reveals fewer units, thereby reducing competition among landlords for tenants, enabling higher rental yields.

    Investors will find the affordability index for houses quite enticing since it is 23 years, which is lower than the standard 30-year period, suggesting enhanced affordability for residents of the area. The extremely low stock on market percentage for houses at 0.1% signifies a favourable low supply market condition. Likewise, the favourable inventory level of houses at 0.39 months and a building approvals Ratio at 0%, continue to paint a strong supply picture.

    However, the days on market for houses lingers high at 92 days indicating low demand, which can be a concern. The vacancy rate (combined houses and units) at 1.74% is neutral but still adds to the demand picture. Meanwhile, the buy search index for houses at 5, stays on par with the state/city average indicating a medium level of demand.

    In summation, Werris Creek presents a potent property investment atmosphere, given its healthy indicative yield, favourable supply indicators and moderate demand. Investors aiming for secure investments with good cash flow could find Werris Creek a profitable choice. As always, keeping a close eye on evolving market conditions is key to making rewarding property investment 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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