Get a property report and suburb profile for any property in Wangi Wangi

Wangi Wangi is a lakeside peninsula on the southern shore of Lake Macquarie where shoreline, jetties and sheltered water shape everyday life. Streets rise from foreshore reserves into pockets of bush and housing ranges from weatherboard cottages and modest brick homes to larger waterfront lots with lake views. The village centre is compact with cafes and shops, and boat ramps, walking paths and picnic spots make outdoor life easy.

The suburb has a population of 2,920, a median age of 54 and a typical household income of $1,339 a week, and it attracts long-term locals, retirees and people drawn to a quieter, water-focused lifestyle. Couple families without children are the largest family group and about four in five homes are owner-occupied, so the area reads as a settled community. A major upgrade to the public school and ongoing council works for the foreshore, holiday park and power station precinct point to continued local investment. Whether that suits you depends on what you want from a suburb.

At about $880,000, a house in Wangi Wangi works out to roughly 12.6 times a typical local annual household income at the last Census, which places buying well above what people there earned then. This measure is a simple price-to-income multiple and shows how the cost of buying compares with local household earnings recorded at the last Census.

The average house rent of $685 a week would take about 51.1% of a typical local household's weekly income at the last Census, a large share of income. On these figures both buying and renting sit as a marked stretch against local incomes; if you're renting rather than buying, the rent share is the number that matters.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months house values in Wangi Wangi fell 7.0%, a solid decline, while house rents rose 5.4%, a solid increase. The two figures point to lower capital value for houses over the year alongside higher rental income from houses.

For someone weighing Wangi Wangi as an investment, the house value change is the measure of capital growth over the year and the rent change is the measure of rental income. Which of those matters more will depend on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.