Alectown is a quiet locality in New South Wales within the Parkes local government area (postcode 2870). With a population of 151, the suburb has a mature demographic with a median age of 49. Households earn a median income of $94K per year, with an average household size of 2.4 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Alectown is $450,000, having surged 24.1% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,257.
Public transport access includes 12 bus stops. The crime rate in the Parkes LGA is moderate at 6,069 incidents per 100,000 population.
From an investment perspective, Alectown offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($450K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.8x is considered affordable. House prices have moved +24.1% year-on-year.
Alectown is a quiet locality in New South Wales within the Parkes local government area (postcode 2870). With a population of 151, the suburb has a mature demographic with a median age of 49. Households earn a median income of $94K per year, with an average household size of 2.4 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Alectown is $450,000, having surged 24.1% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,257.
Public transport access includes 12 bus stops. The crime rate in the Parkes LGA is moderate at 6,069 incidents per 100,000 population.
From an investment perspective, Alectown offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($450K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.8x is considered affordable. House prices have moved +24.1% year-on-year.