350 Plummers Road,
Five Ways NSW 2873

About Nyngan - Warren

With an average age of 47, households expect an average monthly mortgage payment of $600 or a weekly rent payment of $300. The average family earns a weekly income of $1,766 with a typical household size of 2.7 and a 107.2% employment rate.

In Five Ways there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Five Ways is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Five Ways leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Five Ways the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

General Points of Interest

Geographic Centre of New South Wales

Population

(Country of Birth not stated 16%)

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• 134 Acme Avenue Street, Town, State

  Description - Details the application. Type and other information pertaining to the development application and more...

  Authority Reference: UX0909823-GOV Website