Chakola (postcode 2630) is a quiet locality in New South Wales within the Snowy Monaro Regional local government area. With a population of 88, the suburb has a settled, mature resident base with a median age of 46. Households earn a median income of $117K per year, with an average household size of 2.8 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 managers, clerical & administrative, machinery operators & drivers. Employment in the area leans toward agriculture and construction. The top ancestries reported are English, Australian, Irish.
Median house prices in Chakola sit at $935,000, little changed on a year ago. The current median weekly rent is $465. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,297.
Public transport access includes 4 bus stops. The crime rate in the Snowy Monaro Regional LGA is below average at 2,173 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.6%, which reads as low yield. Property prices sit below the state median ($935K/$1.5M), which can point to relative value. The price-to-income ratio of 8.0x is considered moderate. House prices have moved +0.0% year-on-year.