Arable is a quiet locality in New South Wales within the Snowy Monaro Regional local government area (postcode 2630). With a population of 21, the suburb has a mature demographic with a median age of 46. Households earn a median income of $163K per year, with an average household size of 2.4 people. The top ancestries reported are Australian, Scottish, English.
The median house price in Arable is $1.5 million, having surged 630.1% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 1.6%.
The crime rate in the Snowy Monaro Regional LGA is below average at 2,178 incidents per 100,000 population.
From an investment perspective, Arable offers a gross rental yield of 1.6%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 9.3x is considered moderate. House prices have moved +630.1% year-on-year.
Arable is a quiet locality in New South Wales within the Snowy Monaro Regional local government area (postcode 2630). With a population of 21, the suburb has a mature demographic with a median age of 46. Households earn a median income of $163K per year, with an average household size of 2.4 people. The top ancestries reported are Australian, Scottish, English.
The median house price in Arable is $1.5 million, having surged 630.1% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 1.6%.
The crime rate in the Snowy Monaro Regional LGA is below average at 2,178 incidents per 100,000 population.
From an investment perspective, Arable offers a gross rental yield of 1.6%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 9.3x is considered moderate. House prices have moved +630.1% year-on-year.