Araluen (postcode 2622) is a small, quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area. It is home to about 209 residents, with an older-leaning population and a median age of 53. Households earn a median income of $54K per year, with an average household size of 2.1 people. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, professionals, technicians & trades. Employment in the area leans toward construction and agriculture. The top ancestries reported are Australian, English, Irish.
Araluen has a median house price of $975,000, which has climbed sharply by 74.1% year-on-year. The current median weekly rent is $470. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,105.
Public transport access includes 12 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,677 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 2.5% (low yield). Property prices sit below the state median ($975K/$1.5M), which can point to relative value. The price-to-income ratio of 18.0x is considered stretched. House prices have moved +74.1% year-on-year.