Clarence is a quiet locality in New South Wales within the Lithgow local government area (postcode 2790). With a population of 200, the suburb has a mature demographic with a median age of 52. Households earn a median income of $93K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, clerical & administrative, machinery operators & drivers. The top ancestries reported are English, Australian, Scottish.
The median house price in Clarence is $440,000, having dropped significantly 56.7% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $2,050.
Public transport access includes 1 rail station, 3 bus stops. The crime rate in the Lithgow LGA is moderate at 4,769 incidents per 100,000 population.
From an investment perspective, Clarence offers a gross rental yield of 5.3%, rated as high yield. Property prices sit below the state median ($440K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.7x is considered affordable. House prices have moved -56.7% year-on-year.
Clarence is a quiet locality in New South Wales within the Lithgow local government area (postcode 2790). With a population of 200, the suburb has a mature demographic with a median age of 52. Households earn a median income of $93K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, clerical & administrative, machinery operators & drivers. The top ancestries reported are English, Australian, Scottish.
The median house price in Clarence is $440,000, having dropped significantly 56.7% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $2,050.
Public transport access includes 1 rail station, 3 bus stops. The crime rate in the Lithgow LGA is moderate at 4,769 incidents per 100,000 population.
From an investment perspective, Clarence offers a gross rental yield of 5.3%, rated as high yield. Property prices sit below the state median ($440K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.7x is considered affordable. House prices have moved -56.7% year-on-year.