Fraud Blocker

Wamboin, NSW 2620

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 Wamboin, NSW 2620 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™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Wamboin, NSW 2620”

  1. The total adult population (15 years or older) of Wamboin 2620 NSW is 1,481, with a median age of 46. Of those, 58.20% are married, 8.91% are divorced or separated, 29.98% are single and 2.63% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $14,300. The median monthly mortgage repayment for households in this suburb is $2,600 which is 18.18% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Wamboin, postcode 2620, is situated in NSW. This area, home to approximately 646 households, presents a unique picture of the Australian property market as of Q3 2023.

    House prices in this region generally round off to the tune of $1,546,365, supported with a median weekly rent of $663. This presents an indicative yield of 2.23%, which is marginally lower than the 3% minimum yield usually sought by cashflow-focused property investors. This bear in mind, it is noteworthy to remember that a well-rounded investment decision is not hinged solely on one factor, but a holistic interpretation of various market conditions.

    Wamboin boasts an impressive IRSAD score of 1137 out of 1217, denoting a strong socio-economic status strengthened by good access to economic resources and the presence of high income earners and skilled professions in the suburb.

    The renter to owner ratio in Wamboin is 6%, making it an attractive option for property investors. This low percentage points to a market that is not oversaturated with rental properties, thus reducing the risk associated with high competition among landlords for tenants.

    Moreover, the significant absence of units (at 0%) in the property mix is beneficial. The absence of units underscores a less competitive market for landlords, potentially resulting in longer tenancy periods and a more stable rental yield.

    However, potential buyers need to be aware of the high affordability index in the area, calculated to be 42 years. This length of time needed to fully own a property, assuming a standard 30-year mortgage, suggests decreased affordability.

    From a stock perspective, a stock on market Percentage of 0.15% for houses spells optimism. This lower value indicates a favourable market with low supply, which may, in turn, increase competition among potential buyers and likely inflate property prices. The inventory level at 1.0 month also supports this, suggesting a low supply market conducive for sellers.

    Building Approvals Ratio for houses is at 1.24%, which is within the favourable range, indicating a relatively low supply of new dwellings entering the market. The average days on market for houses stands at 26, pointing to a high demand for properties in the area.

    The vacancy rate for combined houses and units is at a neutral 2.17%. This denotes a balanced market, neither favouring the landlord nor the tenant too much. A buy search index of 3 concludes our analysis. This represents a neutral interest from potential buyers for properties in the area when compared to the state or city average. As with every investment decision, these factors should be considered collectively, along with ongoing market trends and long-term asset growth potential.

    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.

Leave a comment