Big Hill (postcode 2579) is a quiet locality in New South Wales within the Upper Lachlan Shire local government area. The area has roughly 78 residents and a mature demographic, with a median age of 53. Households earn a median income of $121K per year, with an average household size of 2.6 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, community & personal service. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Scottish.
Median house prices in Big Hill sit at $290,000, little changed on a year ago. The current median weekly rent is $680. This gives a gross rental yield of approximately 12.2%. The median monthly mortgage repayment is $1,777.
The crime rate in the Upper Lachlan Shire LGA is low at 1,619 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 12.2% (high yield). Property prices sit below the state median ($290K/$1.5M), which can point to relative value. The price-to-income ratio of 2.4x is considered affordable. House prices have moved +0.0% year-on-year.