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Wallaga Lake, NSW 2546

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 Wallaga Lake, NSW 2546 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 

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Rent 

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Yield 

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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 “Wallaga Lake, NSW 2546”

  1. The total adult population (15 years or older) of Wallaga Lake 2546 NSW is 530, with a median age of 62. Of those, 50.19% are married, 20.94% are divorced or separated, 21.32% are single and 6.98% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $4,888. The median monthly mortgage repayment for households in this suburb is $1,127 which is 23.06% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Wallaga Lake, postal code 2546, in the heart of NSW houses approximately 431 residential properties. As we entered Q3 of 2023, the typical pricing for houses in Wallaga Lake was recorded at $1,086,010 coupled with a median weekly rent of $500. This results in an indicative yield of 2.39%, which is a pivotal metric for property investors seeking insights into potential returns.

    Socio-economic aspects limit not only the vibrancy of a neighbourhood but also contribute to the potential for capital growth. In this context, Wallaga Lake holds an IRSAD score of 940 out of 1217. This score informs us about the environmental fluidity and access to economic resources within the area. The renter to owner ratio is at a favourable rating of 12%, indicating stronger presence of homeowners rather than tenants.

    In terms of the property types that populate the local market, Wallaga Lake records a units to houses ratio of 8%. This indicates it is a predominantly house-centered suburb, which is considered favourable as it reduces the competition among landlords for potential tenants and cultivates a more stable and family-oriented atmosphere.

    Looking into affordability, Wallaga Lake presents a daunting figure with a calculated 89 years needed to fully own a house, signalling a locale that caters more to the upper-tier earners.

    Investigating supply metrics, the stock on market Percentage for houses in Wallaga Lake is quite low at 0.27%, implying a positive scarcity effect on prices. This is complemented by a healthy inventory level of 1.0 months, revealing a balanced absorption rate for newly listed properties in the market. building approvals Ratio is also lowly poised at 0.27%, reducing the potential risk of over-supply which might place downward pressure on property prices.

    On the other hand, the demand exhibited in Wallaga Lake seems to lean towards a comparatively sluggish market scenario. The average number of days a property stays listed for sale, also known as Days on Market, is registering a figure of 179, hinting at lessened buyer interest. The vacancy rate here, shared both by houses and units, is currently at 5.66%, which is a tad high for comfort and may affect the potential rental yield for property investors. Furthermore, the buy search index for houses stands at 3, which can be interpreted as a lacklustre buyer demand.

    In conclusion, while Wallaga Lake might not represent the optimal property market for every investor, robust exploration of the data and close observation of pattern-shifts is advised to make sound investment decisions. Investors also need to consider the RCS (Relative Composite Score) metric developed by HtAG Analytics that provides an aggregated rating concerning investment feasibility, taking into account an array of 80+ metrics.

    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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