Question 1

Is Wauchope a nice place to live?

Accepted Answer

Wauchope is a riverside country town on the Hastings River, sitting inland from Port Macquarie and serving the surrounding farming and timber country. It has a practical, relaxed feel and a compact main street of shops, cafes and local services. The community of 6,589 has a median age of 43 and a median household income of $1,114 a week. Families make up a large share of households, and housing ranges from older weatherboard cottages to modern family homes and rural blocks on the town edge. Around two thirds of homes are owner-occupied and about one in three are rented.

Good road links and regional rail connect Wauchope to the coast, and nearby bushland and the river provide outdoor recreation. Several public works are progressing or planned, including road and bridge upgrades to improve flood resilience and active travel, an interchange upgrade, hospital infrastructure works, new open-space and sporting facilities such as Andrews Park, and a 12-unit social housing project that has been delivered. That mix of amenities and housing makes Wauchope a practical choice for people after a quieter, country-town pace; whether it suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Wauchope?

Accepted Answer

On the figures, housing in Wauchope sits well above local incomes as recorded at the last Census. The median house price of $720,000 is about 12.4 times a typical local household's annual income at the last Census (that annual income is $1,114 a week × 52).

Renting also takes a large share of a typical local household's weekly income: a house rent of $595 a week is roughly 53.4% of the $1,114 weekly household income at the last Census, while a unit rent of $470 a week is about 42.2%. Whether those shares feel expensive will depend on your own income and circumstances.

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

Question 3

Is Wauchope a good place to invest?

Accepted Answer

Property values in Wauchope climbed strongly over the past 12 months, with unit values up 12.9% and house values up 10.0%. Rents rose more modestly over the same period, with house rents up 3.5% and unit rents up 2.2%. In other words, capital growth outpaced rental income this year, and units delivered the larger value gain while houses saw the slightly stronger rent increase. Whether that balance fits your plans depends on your own investment objectives 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.

	Houses	Units
Median price Past 3 months	$720K	N/A
Change in value Past 12 months	10.0%	12.9%
Sold Past 3 months	45	3
Median days on market Past 12 months	28	32
Average rent Past 12 months	$595	$470
Change in rent Past 12 months	3.5%	2.2%

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