Charleys Forest (postcode 2622) is a quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area. It is home to about 70 residents, with a more retirement-aged population and a median age of 55. Households earn a median income of $44K per year, with an average household size of 2.1 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 labourers, managers, professionals. Employment in the area leans toward construction and retail trade. The top ancestries reported are English, Australian, Irish.
The median house price in Charleys Forest is $785,000, having posted strong gains by 7.2% over the past year. The current median weekly rent is $470. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,200.
Public transport access includes 3 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,677 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 3.1% (moderate yield). Property prices sit below the state median ($785K/$1.5M), which can point to relative value. The price-to-income ratio of 17.8x is considered stretched. House prices have moved +7.2% year-on-year.