Candelo (postcode 2550) is a small locality in New South Wales within the Bega Valley local government area. With a population of 780, the suburb has a settled, mature resident base with a median age of 46. Households earn a median income of $65K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% year-on-year at the LGA level. 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, managers, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
The median house price in Candelo is $755,000, having jumped by 21.8% over the past year. The current median weekly rent is $470. This gives a gross rental yield of approximately 3.2%. 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 2,313 incidents per 100,000 population.
On the investment side, Candelo shows a gross rental yield of approximately 3.2%, rated as moderate yield. Property prices sit below the state median ($755K/$1.5M), which can point to relative value. The price-to-income ratio of 11.6x is considered stretched. House prices have moved +21.8% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.