Walgett
A vacancy rate of 15.7% in a market where the median house price sits at just $400,000 tells you a lot about Walgett: supply vastly exceeds demand in a remote NSW outback town covering 6,566 square kilometres. The SEIFA IRSD and IEO scores both land in decile 1, the most disadvantaged tier nationally, and household income at the 49.5th percentile is dragged down by a 40.5% labour force participation rate. Population has fallen 18.9% over the past decade and continues declining at roughly 110 persons per year. Against that backdrop, detached houses account for 92.1% of dwellings and the mortgage-to-income ratio of 14.4% is well below the national stress threshold, two facts that reflect just how affordable this market is compared to most of NSW.
Population
1,824
Median Age
35.0
Household IncomeiMedian weekly household income (ABS Census)
$1,554/wk
DAs (12 months)iDevelopment Applications lodged in the past year
25
Median House
$400K
2024-2025 (PSI derived)
At $400,000, the median house price is well below the NSW state median, and the mortgage-to-income ratio of 14.4% sits comfortably below the 30% stress threshold. Monthly mortgage repayments average $970, some of the lowest in regional NSW. Prices rose from $385,900 in 2024 to $400,000 in 2025, a 3.7% annual gain. Detached houses dominate at 92.1% of the housing stock, with semi-detached at 4.6% and apartments at just 3.2%. Three-bedroom homes account for 41.3% of dwellings and 4-plus bedrooms for 39.2%, so larger family homes are the norm rather than the exception. The trade-off for affordability is a 15.7% vacancy rate, which signals weak underlying demand and suggests buyers should weigh long-term capital growth prospects carefully before committing.
For Buyers
At $400,000, the median house price is well below the NSW state median, and the mortgage-to-income ratio of 14.4% sits comfortably below the 30% stress threshold. Monthly mortgage repayments average $970, some of the lowest in regional NSW. Prices rose from $385,900 in 2024 to $400,000 in 2025, a 3.7% annual gain. Detached houses dominate at 92.1% of the housing stock, with semi-detached at 4.6% and apartments at just 3.2%. Three-bedroom homes account for 41.3% of dwellings and 4-plus bedrooms for 39.2%, so larger family homes are the norm rather than the exception. The trade-off for affordability is a 15.7% vacancy rate, which signals weak underlying demand and suggests buyers should weigh long-term capital growth prospects carefully before committing.
For Investors
The 47.2% renter share is high by national standards, but the $175 weekly rent against a $400,000 median produces a gross yield near 2.3%, low for a regional market of this size and distance. The 15.7% vacancy rate is a clear warning sign: persistent oversupply makes tenant sourcing unreliable. Net internal migration averages minus 83 persons per year, with only 13 net overseas arrivals partially offsetting the outflow. Development activity has 25 applications in the past 12 months, including commercial and subdivision works, but no significant residential pipeline that would tighten supply. Rent grew 55.7% over the period, significantly above inflation, which has improved yields compared to a decade ago, yet the declining population trend of minus 1.93% annually makes sustained rental demand hard to guarantee.
Development Activity
Total DAs
83
Last 12 Months
25
YoY ChangeiYear-over-year change in DA lodgements
+78.6%
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in Walgett iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
St Joseph's Primary School
K-6 · 134 students
Walgett Community College - High School
7-12 · 83 students
Walgett Community College - Primary School
P-6 · 97 students
Demographics
The median age of 35 is 5.0 years below the national figure, making Walgett younger than most comparable NSW country towns. However, the working-age share declined 2.2 points over the decade while the senior share rose 5.6 points, pointing to an aging trajectory despite the current younger median. University qualifications reach only 14.1%, which is 16.0 points below national, reflecting the limited professional employment base. The overseas-born share of 6.5% is 15.1 points below national, and ancestry data shows a large uncategorised Indigenous ancestry group (650 respondents) alongside English (340), Irish (127) and Scottish (110) backgrounds. Average household size is 2.5, in line with the national average. Couples with children (296 families) and couples without children (271) make up the bulk of family structures across 899 total families.
Age Distribution
Bedrooms
Dwelling Structure
92.1%
Houses
4.6%
Townhouse
3.2%
Apartment
Tenure
Tenure splits significantly toward renting: 47.2% rent, 22.2% carry a mortgage and 30.6% own outright, a renter-heavy profile compared to the national homeownership majority. The stock is almost entirely detached houses at 92.1%, with 4-plus bedroom homes at 39.2% and 3-bedroom homes at 41.3%. Prices moved from $385,900 in 2024 to $400,000 in 2025, a 3.7% one-year gain, and the one-year CAGR is 3.7%. The mortgage-to-income ratio of 14.4% and rent-to-income ratio of 11.3% both sit well below stress thresholds, meaning neither buyers nor renters face financial pressure from housing costs relative to income. The 15.7% vacancy rate, however, indicates that a material share of the housing stock sits unoccupied, consistent with long-term population decline across the broader Walgett local government area.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$970
Rent / wk
$175
HH Size
2.5
Personal Income / wk
$823
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
15.7%
Unoccupied
80
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
11.3%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
14.4%
Community Profile
Ancestry
Household Composition
30.1%
Couples, no children
899
Total families
Economy & Employment
Public administration leads local employment at 22.4% of workers (87 people), followed by Education at 18.3% (71) and Agriculture at 16.0% (62), with Healthcare at 15.2% (59) rounding out the four dominant sectors. This public-sector and essential-services concentration is typical of remote NSW towns where government is the largest employer because private enterprise is limited by the small market. By occupation, Managers account for 139 workers and Community/Personal Service workers 114, with Professionals at 92. The unemployment rate of 4.2% is moderate, but the participation rate of just 40.5% is well below the national figure, meaning a large share of working-age residents are not actively employed or seeking work. The IRSD decile of 1 and IEO decile of 3 confirm the economic disadvantage relative to other NSW communities. Real incomes grew 15.8% over the decade, though from a low base.
Unemployment
8.0%
Labour Force
2,377
Unemployed
191
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
73.1%
Part-time
22.7%
Participation
40.5%
Employed
546
Occupations
Top Industries
University
14.1%
Postgraduate
1.4%
Born Overseas
6.5%
Dwellings
431
Transport to Work
Car dependency is high at 76.4% of commuters driving, well above the national average for regional areas, which is expected given the remote location spanning 6,566 square kilometres with limited public transport. A notable 17.6% walk or cycle, unusually high for an outback town, likely reflecting short distances within the compact township. No schools are recorded in the suburb dataset. The IRSAD decile of 2 and IRSD decile of 1 place Walgett among the most disadvantaged communities nationally, and 4.2% of residents (48 people) require daily assistance. The volunteering rate of 18.8% is relatively strong for a small community, suggesting active civic engagement. Rent-to-income at 11.3% and mortgage-to-income at 14.4% mean housing costs are not a financial burden, a small but genuine advantage compared to metropolitan and coastal NSW markets.
Drive
76.4%
Public Transport
N/A
Walk / Cycle
17.6%
Work from Home
N/A
Population Forecast
-1.93%/yr
(-110 people/yr)
DecliningPopulation has been declining for over a decade: the broader area fell 18.9% over 10 years, and the current trend runs at minus 1.93% annually, or around 110 persons per year. The pre-COVID population of 6,176 dropped 4.7% during the pandemic period and has not recovered, sitting at 5,708 in 2025, which is 1.7% below the COVID low. Medium forecasts project a further fall to roughly 4,926 by 2031. Net internal migration averages minus 83 per year as residents relocate to larger centres for work and services. The gentrification score is 0 and the stage is classified as not gentrifying, consistent with an IRSD decile 1 market where rising affluence is not present. Rent growth of 55.7% and real income growth of 15.8% over the period suggest the local economy has improved modestly, but neither is sufficient to reverse the population decline trajectory.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Overseas Migration
Net Overseas / yr
+13
Net Internal / yr
-83
Gentrification Signal
Not gentrifying
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Walgett compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Walgett a good suburb to live in?
Walgett offers very affordable housing, with a $400,000 median and mortgage-to-income of 14.4%, well below stress levels. The trade-offs are significant: SEIFA IRSD ranks in decile 1 nationally (most disadvantaged), participation rate is just 40.5%, and population has declined 18.9% over 10 years. It suits those tied to the local public sector, agriculture or community services.
What is the median house price in Walgett?
The median house price is $400,000, up 3.7% from $385,900 in 2024. Monthly mortgage repayments average $970 and weekly rent averages $175. The mortgage-to-income ratio of 14.4% is well below the 30% stress threshold, making Walgett one of the most affordable markets in NSW.
What schools are in Walgett?
No schools are recorded inside the Walgett suburb boundary in this dataset. The local university qualification rate is 14.1%, which is 16.0 points below the national figure, reflecting the limited professional workforce base. Families in the area typically access educational services within the broader Walgett township.
Is Walgett safe?
Detailed crime statistics are not available for Walgett in this dataset. As a contextual indicator, the suburb scores decile 1 on IRSD, the most disadvantaged tier nationally, and 4.2% of residents (48 people) require daily assistance. These socioeconomic indicators suggest higher-than-average vulnerability compared to most NSW communities.
Is Walgett good for property investment?
At a $175 weekly rent and $400,000 median, the gross yield is around 2.3%, below typical regional benchmarks. The 15.7% vacancy rate and annual population decline of minus 1.93% (roughly 110 persons per year) create real risk for sustained rental demand. Rent did grow 55.7% over the decade, but the ongoing population outflow is a structural headwind for capital growth.
How is Walgett's population changing?
Population has fallen 18.9% over the past 10 years and continues declining at about 110 persons annually. The broader area stood at 5,708 in 2025, below the pre-COVID level of 6,176. Net internal migration averages minus 83 per year, only partially offset by 13 net overseas arrivals. Medium forecasts project a further fall to around 4,926 by 2031.
How much development is happening in Walgett?
There were 25 development applications lodged in the past 12 months, including a truck depot, shed construction and subdivision works. This level of activity is modest for a town of 1,824 residents, and no large residential development pipeline is evident. The 15.7% vacancy rate suggests the existing housing stock already exceeds current demand.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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