Carwell is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2849). With a population of 28, the suburb has a mature demographic with a median age of 54. Households earn a median income of $91K per year, with an average household size of 2.3 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Carwell is $66,000, having dropped significantly 94% over the past year. The median weekly rent is $215 (Census 2021). This gives a gross rental yield of approximately 16.9%. The median monthly mortgage repayment is $2,350.
Public transport access includes 3 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,221 incidents per 100,000 population.
From an investment perspective, Carwell offers a gross rental yield of 16.9%, rated as high yield. Property prices sit below the state median ($66K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 0.7x is considered affordable. House prices have moved -94.0% year-on-year.
Carwell is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2849). With a population of 28, the suburb has a mature demographic with a median age of 54. Households earn a median income of $91K per year, with an average household size of 2.3 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Carwell is $66,000, having dropped significantly 94% over the past year. The median weekly rent is $215 (Census 2021). This gives a gross rental yield of approximately 16.9%. The median monthly mortgage repayment is $2,350.
Public transport access includes 3 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,221 incidents per 100,000 population.
From an investment perspective, Carwell offers a gross rental yield of 16.9%, rated as high yield. Property prices sit below the state median ($66K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 0.7x is considered affordable. House prices have moved -94.0% year-on-year.