Aarons Pass is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). With a population of 33, the suburb has an older demographic with a median age of 59. Households earn a median income of $85K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, managers. The top ancestries reported are Australian, English, Scottish.
The median house price in Aarons Pass is $966,000, having surged 60.9% over the past year. The current median weekly rent is $615. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $867.
Public transport access includes 2 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,221 incidents per 100,000 population.
From an investment perspective, Aarons Pass offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($966K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.4x is considered stretched. House prices have moved +60.9% year-on-year.
Aarons Pass is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). With a population of 33, the suburb has an older demographic with a median age of 59. Households earn a median income of $85K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, managers. The top ancestries reported are Australian, English, Scottish.
The median house price in Aarons Pass is $966,000, having surged 60.9% over the past year. The current median weekly rent is $615. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $867.
Public transport access includes 2 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,221 incidents per 100,000 population.
From an investment perspective, Aarons Pass offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($966K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.4x is considered stretched. House prices have moved +60.9% year-on-year.