Chakola is a quiet locality in New South Wales within the Snowy Monaro Regional local government area (postcode 2630). With a population of 88, the suburb has a mature demographic with a median age of 46. Households earn a median income of $117K per year, with an average household size of 2.8 people. The most common occupations are managers, clerical & administrative, machinery operators & drivers. The top ancestries reported are English, Australian, Irish.
The median house price in Chakola is $230,000, having dropped significantly 75.4% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 10.2%. 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 2,178 incidents per 100,000 population.
From an investment perspective, Chakola offers a gross rental yield of 10.2%, rated as high yield. Property prices sit below the state median ($230K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.0x is considered affordable. House prices have moved -75.4% year-on-year.
Chakola is a quiet locality in New South Wales within the Snowy Monaro Regional local government area (postcode 2630). With a population of 88, the suburb has a mature demographic with a median age of 46. Households earn a median income of $117K per year, with an average household size of 2.8 people. The most common occupations are managers, clerical & administrative, machinery operators & drivers. The top ancestries reported are English, Australian, Irish.
The median house price in Chakola is $230,000, having dropped significantly 75.4% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 10.2%. 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 2,178 incidents per 100,000 population.
From an investment perspective, Chakola offers a gross rental yield of 10.2%, rated as high yield. Property prices sit below the state median ($230K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.0x is considered affordable. House prices have moved -75.4% year-on-year.