Located in New South Wales within the Wingecarribee local government area, Avoca is a sparsely populated locality (postcode 2577). With a population of 208, the suburb has an older-leaning population with a median age of 54. Households earn a median income of $117K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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 managers, professionals, technicians & trades. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Scottish.
The median house price in Avoca is $3.3 million, having jumped by 38.3% over the past year. The current median weekly rent is $690. This gives a gross rental yield of approximately 1.1%. The median monthly mortgage repayment is $2,898.
Public transport access includes 7 bus stops. The crime rate in the Wingecarribee LGA is low at 1,470 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 1.1%, which reads as low yield. Property prices are above the state median ($3.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 27.8x is considered stretched. House prices have moved +38.3% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.