Canowindra is a smaller suburb in New South Wales within the Cabonne local government area (postcode 2804). With a population of 2,437, the suburb has a mature demographic with a median age of 48. Households earn a median income of $57K per year, with an average household size of 2.3 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Canowindra is $525,000, having surged 21.8% over the past year. Units have a median price of $162,000. The current median weekly rent is $500. This gives a gross rental yield of approximately 5.0%. 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 1,856 incidents per 100,000 population.
From an investment perspective, Canowindra offers a gross rental yield of 5.0%, rated as moderate yield. Property prices sit below the state median ($525K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.2x is considered moderate. House prices have moved +21.8% year-on-year.
Canowindra is a smaller suburb in New South Wales within the Cabonne local government area (postcode 2804). With a population of 2,437, the suburb has a mature demographic with a median age of 48. Households earn a median income of $57K per year, with an average household size of 2.3 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Canowindra is $525,000, having surged 21.8% over the past year. Units have a median price of $162,000. The current median weekly rent is $500. This gives a gross rental yield of approximately 5.0%. 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 1,856 incidents per 100,000 population.
From an investment perspective, Canowindra offers a gross rental yield of 5.0%, rated as moderate yield. Property prices sit below the state median ($525K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.2x is considered moderate. House prices have moved +21.8% year-on-year.