Carcoar is a sparsely populated locality in New South Wales within the Blayney local government area (postcode 2791). It is home to about 271 residents, with a more retirement-aged population and a median age of 55. Households earn a median income of $62K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% 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, technicians & trades, clerical & administrative. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Carcoar is $328,000, having fallen sharply by 49.6% over the past year. The median weekly rent is $195 (Census 2021). This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,517.
Carcoar is served by 1 school, including 1 primary. The average ICSEA score is 941, which is below the national average of 1,000. Public transport access includes 7 bus stops. The crime rate in the Blayney LGA is below average at 2,080 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.1% (moderate yield). Property prices sit below the state median ($328K/$1.5M), which can point to relative value. The price-to-income ratio of 5.3x is considered affordable. House prices have moved -49.6% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.