Candelo is a small community in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 780, the suburb has a mature demographic with a median age of 46. Households earn a median income of $65K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Candelo is $475,000, having dropped significantly 26.1% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 6.6%. The median monthly mortgage repayment is $1,200.
Candelo is served by 1 school, including 1 primary. The average ICSEA score is 982, which is around the national average of 1,000. Public transport access includes 1 rail station, 47 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Candelo offers a gross rental yield of 6.6%, rated as high yield. Property prices sit below the state median ($475K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.3x is considered moderate. House prices have moved -26.1% year-on-year.
Candelo is a small community in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 780, the suburb has a mature demographic with a median age of 46. Households earn a median income of $65K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Candelo is $475,000, having dropped significantly 26.1% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 6.6%. The median monthly mortgage repayment is $1,200.
Candelo is served by 1 school, including 1 primary. The average ICSEA score is 982, which is around the national average of 1,000. Public transport access includes 1 rail station, 47 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Candelo offers a gross rental yield of 6.6%, rated as high yield. Property prices sit below the state median ($475K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.3x is considered moderate. House prices have moved -26.1% year-on-year.