Carcalgong (postcode 2850) is a sparsely populated locality in New South Wales within the Mid-Western Regional local government area. With a population of 45, the suburb has a predominantly older resident base with a median age of 56. Households earn a median income of $44K per year, with an average household size of 1.9 people. 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 technicians & trades, clerical & administrative, managers. Employment in the area leans toward manufacturing and construction. The top ancestries reported are English, Australian, Irish.
Carcalgong has a median house price of $173,000, which has grown strongly by 9.8% year-on-year. The current median weekly rent is $590. This gives a gross rental yield of approximately 17.7%. The median monthly mortgage repayment is $1,685.
Public transport access includes 1 bus stop. The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
From an investment perspective, Carcalgong shows a gross rental yield of approximately 17.7%, rated as high yield. Property prices sit below the state median ($173K/$1.5M), which can point to relative value. The price-to-income ratio of 3.9x is considered affordable. House prices have moved +9.8% year-on-year.