Collarenebri is a small community in New South Wales within the Walgett local government area (postcode 2833). With a population of 634, the suburb has an established demographic with a median age of 39. Households earn a median income of $54K per year, with an average household size of 2.5 people. The most common occupations are managers, machinery operators & drivers, community & personal service. The top ancestries reported are Aboriginal Australian, Australian, English.
The median house price in Collarenebri is $100,000, having surged 124.7% over the past year. The current median weekly rent is $170. This gives a gross rental yield of approximately 8.8%. The median monthly mortgage repayment is $759.
Collarenebri is served by 1 school, including 1 combined. The average ICSEA score is 625, which is well below the national average of 1,000. Public transport access includes 1 rail station, 20 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Walgett LGA is higher than average at 12,498 incidents per 100,000 population.
From an investment perspective, Collarenebri offers a gross rental yield of 8.8%, rated as high yield. Property prices sit below the state median ($100K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.8x is considered affordable. House prices have moved +124.7% year-on-year.
Collarenebri is a small community in New South Wales within the Walgett local government area (postcode 2833). With a population of 634, the suburb has an established demographic with a median age of 39. Households earn a median income of $54K per year, with an average household size of 2.5 people. The most common occupations are managers, machinery operators & drivers, community & personal service. The top ancestries reported are Aboriginal Australian, Australian, English.
The median house price in Collarenebri is $100,000, having surged 124.7% over the past year. The current median weekly rent is $170. This gives a gross rental yield of approximately 8.8%. The median monthly mortgage repayment is $759.
Collarenebri is served by 1 school, including 1 combined. The average ICSEA score is 625, which is well below the national average of 1,000. Public transport access includes 1 rail station, 20 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Walgett LGA is higher than average at 12,498 incidents per 100,000 population.
From an investment perspective, Collarenebri offers a gross rental yield of 8.8%, rated as high yield. Property prices sit below the state median ($100K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.8x is considered affordable. House prices have moved +124.7% year-on-year.