Calala (postcode 2340) is a smaller residential area in New South Wales within the Tamworth Regional local government area. The area has roughly 4,577 residents and a mix of families and early-career residents, with a median age of 33. Households earn a median income of $97K per year, with an average household size of 2.7 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 professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are Australian, English, Scottish.
Calala has a median house price of $707,000, which has grown strongly by 7.1% year-on-year. Units have a median price of $405,000. The current median weekly rent is $480. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,600.
Calala is served by 1 school, including 1 secondary. The average ICSEA score is 1025, which is around the national average of 1,000. Public transport access includes 98 bus stops. The crime rate in the Tamworth Regional LGA is moderate at 6,891 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 3.5% (moderate yield). Property prices sit below the state median ($707K/$1.5M), which can point to relative value. The price-to-income ratio of 7.3x is considered moderate. House prices have moved +7.1% year-on-year.