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Worrigee, NSW 2540

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 Worrigee, NSW 2540 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 “Worrigee, NSW 2540”

  1. The total adult population (15 years or older) of Worrigee 2540 NSW is 4,081, with a median age of 33. Of those, 45.80% are married, 13.38% are divorced or separated, 36.46% are single and 4.34% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $7,176. The median monthly mortgage repayment for households in this suburb is $1,733 which is 24.15% of their earnings.

    Source: ABS Census Data (2021)

  2. Worrigee is a charming suburb situated in New South Wales (NSW) that hosts an estimated 2019 households. As we delve into the suburban property market of Worrigee in Q3 of 2023, it’s witnessed that the typical price for houses has been tagged at $688,743. Pairing with a median weekly rent of $490, the indicative yield appears promising at around 3.7%, satisfying the criteria for cashflow-focused property investors.

    The socio-economic condition of Worrigee tallies up to a respectable IRSAD score of 944 out of 1,217, which implies a substantial segment of the populace holds decent economic resources and basks in a satisfactory income level leading to a balanced market environment.

    In terms of property ownership, Worrigee’s renter to owner ratio draws the line at about 35%. This indicates a slight lean towards rental occupancy which, although being slightly over the desired mark, is not on the edge of extreme market saturation. Another heartening fact is that the local property market is primarily composed of houses, illustrated by a units to houses ratio of just 2%. This lowers competition among landlords for tenants and facilitates longer tenancies.

    Speaking of affordability, Worrigee charts 38 years on the Affordability Index, which underpins the fact that owning property in this vicinity could potentially require a considerable tenure, given the existing interest rates, income levels, and property prices.

    Supply indicators read out a stock on market Percentage and building approvals Ratio for houses at 0.45% and 1.01% respectively, which show a fairly balanced state of supply. The favourable inventory level at 1.35 months gives us a glimpse of Worrigee’s efficient property market absorption rate.

    Shifting attention to demand indicators, houses in Worrigee are typically on the market for 47 days indicating a decent demand spectrum. The vacancy rate, integrating both houses and units, rests at 2.14% portraying a neutral demand scenario while the buy search index measures up to 3, a tad short of significant demand but yet not signaling a scanty interest.

    Drawing a parallel of each of these values to the ideal benchmarks and considering their respective trends, Worrigee demonstrates a property market that savours a balanced environment accommodating a variety of property investors. While there are elements within its statistics that surpass the preferred ranges, Worrigee holds a majority of metrics leaning towards favourability. This reinforces the importance of a holistic review, affirmatively supplemented by HtAG Analytics’ Relative Composite Score (RCS) leveraging over 80 comprehensive 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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