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Wyong suburb profile

Wyong is a picturesque suburb located on the Central Coast of New South Wales, approximately 90km north of Sydney. Known for its rich history and natural beauty, Wyong offers a blend of rural charm and modern conveniences. The suburb is surrounded by lush landscapes, including the scenic Wyong River, and is home to a variety of local attractions such as the Wyong Milk Factory and the historic Alison Homestead. With its close-knit community, excellent schools, and easy access to public transport, Wyong provides a relaxed lifestyle while still being within reach of urban amenities. Its unique combination of heritage and growth makes it an appealing destination for families and retirees.

Wyong property market performance

Property growth+4.7%Past 12 months

Wyong's property market has shown growth over the past 12 months, with house values rising by 5.7% and units by 3.7%. The current median house price is $950,000, but there isn't a recorded median unit price. Over the past three months, 18 houses and 4 units were sold, indicating limited activity in the unit sector.

Houses are on the market for a median of 37 days, while units sell faster, averaging 28 days, reflecting a relatively brisk demand for units despite low sales numbers. The rental market has also seen positive trends, with house rents rising by 7.1% and units by 7.7% over the last 12 months, showing strong demand for rentals in Wyong.

HousesUnits
Median price
Past 3 months
$950KN/A
Change in value
Past 12 months
5.1%4.3%
Sold
Past 3 months
183
Median days on market
Past 12 months
3526
Average rent
Past 12 months
$600$500
Change in rent
Past 12 months
5.3%8.7%

5 year median price trend for houses and units

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Wyong demographics

Wyong, located on the Central Coast of New South Wales, is a suburb that offers a blend of suburban tranquility and regional charm. With a population of 4,530, Wyong is characterized by its mature demographic, as evidenced by the median age of 45. This suggests a community with a significant number of long-term residents and families who appreciate the area's peaceful environment and proximity to natural attractions.

The suburb's housing landscape is diverse, with a notable proportion of properties owned outright, accounting for 35.7% of the total. This reflects a stable community with many residents who have settled in Wyong for the long term. Additionally, 22.9% of properties are owned with a mortgage, indicating a mix of established homeowners and newer entrants to the housing market. Renting is also a significant aspect of the local housing scene, with 41.4% of properties being rented, catering to those seeking flexibility or temporary residence.

Family dynamics in Wyong are varied, with couple families without children making up 41.6% of the family composition, while couple families with children represent 31.5%. One-parent families also form a substantial part of the community at 25.2%, highlighting the suburb's inclusivity and support for diverse family structures. The median total household income of $1,096 per week reflects the area's affordability, making it an attractive option for families and retirees looking for a cost-effective lifestyle without sacrificing quality of life.

Suburbs near Wyong

Some popular suburbs near Wyong include:

How does Wyong compare to nearby suburbs?

  • Median house prices: Wyong’s median house price is 11.8% higher than Watanobbi’s.
  • House price growth: Over the past 12 months, house prices in Wyong have grown 3.0% higher than in Tuggerah.
  • Selling speed for houses: Properties in nearby Watanobbi are selling 17.1% faster than in Wyong.

Choose the right real estate agents in Wyong

Choosing the right real estate agent in Wyong can have a big impact on your sale. While there are 38 real estate agents working in the suburb, but just 5 of them were responsible for 54.5% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.38% to 3.25%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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