Cangai is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 17, the suburb has an older demographic with a median age of 64. Households earn a median income of $67K per year, with an average household size of 2 people. The most common occupations are managers, labourers. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Cangai is $615,000, having surged 81.4% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 4.1%.
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, Cangai offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($615K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.2x is considered moderate. House prices have moved +81.4% year-on-year.
Cangai is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 17, the suburb has an older demographic with a median age of 64. Households earn a median income of $67K per year, with an average household size of 2 people. The most common occupations are managers, labourers. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Cangai is $615,000, having surged 81.4% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 4.1%.
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, Cangai offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($615K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.2x is considered moderate. House prices have moved +81.4% year-on-year.