Corbie Hill (postcode 2705) is a sparsely populated locality in New South Wales within the Leeton local government area. With a population of 168, the suburb has a mature demographic with a median age of 51. Households earn a median income of $98K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.2% year-on-year at the LGA level. 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 managers, labourers, community & personal service. Employment in the area leans toward agriculture and manufacturing. The top ancestries reported are English, Italian, Australian.
The median house price in Corbie Hill is $520,000, having declined steeply by 17.5% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,357.
Public transport access includes 15 bus stops. The crime rate in the Leeton LGA is moderate at 4,706 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 4.0% (moderate yield). Property prices sit below the state median ($520K/$1.5M), which can point to relative value. The price-to-income ratio of 5.3x is considered affordable. House prices have moved -17.5% year-on-year. Population growth of -0.2% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.