Brooms Head is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2463). With a population of 271, the suburb has an older demographic with a median age of 59. Households earn a median income of $43K per year, with an average household size of 2 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Brooms Head is $765,000, having dropped significantly 36.8% over the past year. Units have a median price of $478,000 (-1.9% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,560.
Public transport access includes 4 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Brooms Head offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($765K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 17.9x is considered stretched. House prices have moved -36.8% year-on-year.
Brooms Head is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2463). With a population of 271, the suburb has an older demographic with a median age of 59. Households earn a median income of $43K per year, with an average household size of 2 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Brooms Head is $765,000, having dropped significantly 36.8% over the past year. Units have a median price of $478,000 (-1.9% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,560.
Public transport access includes 4 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Brooms Head offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($765K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 17.9x is considered stretched. House prices have moved -36.8% year-on-year.