Canowindra (postcode 2804) is a compact suburb in New South Wales within the Cabonne local government area. The area has roughly 2,437 residents and an older-leaning population, with a median age of 48. Households earn a median income of $57K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.0% 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 managers, professionals, labourers. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Irish.
Canowindra has a median house price of $436,000, which has declined by 4.8% year-on-year. Units have a median price of $162,000. The current median weekly rent is $375. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,100.
Canowindra is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 973, which is around the national average of 1,000. Public transport access includes 1 rail station, 120 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Cabonne LGA is low at 1,859 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 4.5%, which reads as moderate yield. Property prices sit below the state median ($436K/$1.5M), which can point to relative value. The price-to-income ratio of 7.6x is considered moderate. House prices have moved -4.8% year-on-year. Population growth of +0.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.