Adelong is a small community in New South Wales within the Snowy Valleys local government area (postcode 2729). With a population of 938, the suburb has a mature demographic with a median age of 49. Households earn a median income of $60K per year, with an average household size of 2.3 people. The most common occupations are machinery operators & drivers, labourers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Adelong is $540,000, having surged 71.4% over the past year. Units have a median price of $248,000 (+7.8% YoY). The current median weekly rent is $430. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,200.
Adelong is served by 2 schools, including 2 primary. The average ICSEA score is 954, which is around the national average of 1,000. Public transport access includes 31 bus stops. The crime rate in the Snowy Valleys LGA is below average at 3,277 incidents per 100,000 population.
From an investment perspective, Adelong offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($540K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.0x is considered moderate. House prices have moved +71.4% year-on-year.
Adelong is a small community in New South Wales within the Snowy Valleys local government area (postcode 2729). With a population of 938, the suburb has a mature demographic with a median age of 49. Households earn a median income of $60K per year, with an average household size of 2.3 people. The most common occupations are machinery operators & drivers, labourers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Adelong is $540,000, having surged 71.4% over the past year. Units have a median price of $248,000 (+7.8% YoY). The current median weekly rent is $430. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,200.
Adelong is served by 2 schools, including 2 primary. The average ICSEA score is 954, which is around the national average of 1,000. Public transport access includes 31 bus stops. The crime rate in the Snowy Valleys LGA is below average at 3,277 incidents per 100,000 population.
From an investment perspective, Adelong offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($540K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.0x is considered moderate. House prices have moved +71.4% year-on-year.