Barretts Creek is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 12, the suburb has an older demographic with a median age of 55. Households earn a median income of $39K per year, with an average household size of 3 people. The top ancestries reported are German, English, Australian.
The median house price in Barretts Creek is $1.0 million, having dropped significantly 67.7% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 2.4%.
Public transport access includes 1 bus stop. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Barretts Creek offers a gross rental yield of 2.4%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 26.5x is considered stretched. House prices have moved -67.7% year-on-year.
Barretts Creek is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 12, the suburb has an older demographic with a median age of 55. Households earn a median income of $39K per year, with an average household size of 3 people. The top ancestries reported are German, English, Australian.
The median house price in Barretts Creek is $1.0 million, having dropped significantly 67.7% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 2.4%.
Public transport access includes 1 bus stop. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Barretts Creek offers a gross rental yield of 2.4%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 26.5x is considered stretched. House prices have moved -67.7% year-on-year.