Carrs Creek is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 186, the suburb has an established demographic with a median age of 44. Households earn a median income of $72K per year, with an average household size of 2.7 people. The most common occupations are community & personal service, managers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Carrs Creek is $900,000, having surged 101.1% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,517.
Public transport access includes 2 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Carrs Creek offers a gross rental yield of 2.8%, rated as low yield. Property prices sit below the state median ($900K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.6x is considered stretched. House prices have moved +101.1% year-on-year.
Carrs Creek is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 186, the suburb has an established demographic with a median age of 44. Households earn a median income of $72K per year, with an average household size of 2.7 people. The most common occupations are community & personal service, managers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Carrs Creek is $900,000, having surged 101.1% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,517.
Public transport access includes 2 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Carrs Creek offers a gross rental yield of 2.8%, rated as low yield. Property prices sit below the state median ($900K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.6x is considered stretched. House prices have moved +101.1% year-on-year.