Charbon is a small, quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2848). It is home to about 91 residents, with an older-leaning population and a median age of 50. Households earn a median income of $39K per year, with an average household size of 1.8 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 technicians & trades, community & personal service, clerical & administrative. Employment in the area leans toward education and mining. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in Charbon stand at $69,000, having declined steeply by 46.9% over the last twelve months. The current median weekly rent is $320. This gives a gross rental yield of approximately 24.1%. The median monthly mortgage repayment is $737.
Public transport access includes 6 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
From an investment perspective, Charbon shows a gross rental yield of approximately 24.1%, rated as high yield. Property prices sit below the state median ($69K/$1.5M), which can point to relative value. The price-to-income ratio of 1.8x is considered affordable. House prices have moved -46.9% year-on-year.