Located in New South Wales within the Clarence Valley local government area, Ashby Heights is a small, quiet locality (postcode 2463). The area has roughly 292 residents and a predominantly older resident base, with a median age of 55. Households earn a median income of $64K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% year-on-year at the LGA level. 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 technicians & trades, managers, professionals. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Scottish.
The median house price in Ashby Heights is $778,000, having dropped significantly by 10.6% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,300.
Public transport access includes 5 bus stops. The crime rate in the Clarence Valley LGA is moderate at 5,045 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 4.0% (moderate yield). Property prices sit below the state median ($778K/$1.5M), which can point to relative value. The price-to-income ratio of 12.1x is considered stretched. House prices have moved -10.6% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.