Billys Creek is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2453). With a population of 79, the suburb has a mature demographic with a median age of 53. Households earn a median income of $26K per year, with an average household size of 1.9 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Billys Creek is $325,000, having dropped significantly 43% over the past year. The current median weekly rent is $485. This gives a gross rental yield of approximately 7.8%. The median monthly mortgage repayment is $1,229.
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, Billys Creek offers a gross rental yield of 7.8%, rated as high yield. Property prices sit below the state median ($325K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.7x is considered stretched. House prices have moved -43.0% year-on-year.
Billys Creek is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2453). With a population of 79, the suburb has a mature demographic with a median age of 53. Households earn a median income of $26K per year, with an average household size of 1.9 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Billys Creek is $325,000, having dropped significantly 43% over the past year. The current median weekly rent is $485. This gives a gross rental yield of approximately 7.8%. The median monthly mortgage repayment is $1,229.
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, Billys Creek offers a gross rental yield of 7.8%, rated as high yield. Property prices sit below the state median ($325K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.7x is considered stretched. House prices have moved -43.0% year-on-year.