Corney Town is a quiet locality in New South Wales within the Lithgow local government area (postcode 2790). With a population of 66, the suburb has a mature demographic with a median age of 52. Households earn a median income of $40K per year, with an average household size of 1.9 people. The most common occupations are technicians & trades, machinery operators & drivers, labourers. The top ancestries reported are English, Australian, German.
The median house price in Corney Town is $960,000, having surged 50.9% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $848.
The crime rate in the Lithgow LGA is moderate at 4,769 incidents per 100,000 population.
From an investment perspective, Corney Town offers a gross rental yield of 2.4%, rated as low yield. Property prices sit below the state median ($960K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 24.2x is considered stretched. House prices have moved +50.9% year-on-year.
Corney Town is a quiet locality in New South Wales within the Lithgow local government area (postcode 2790). With a population of 66, the suburb has a mature demographic with a median age of 52. Households earn a median income of $40K per year, with an average household size of 1.9 people. The most common occupations are technicians & trades, machinery operators & drivers, labourers. The top ancestries reported are English, Australian, German.
The median house price in Corney Town is $960,000, having surged 50.9% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $848.
The crime rate in the Lithgow LGA is moderate at 4,769 incidents per 100,000 population.
From an investment perspective, Corney Town offers a gross rental yield of 2.4%, rated as low yield. Property prices sit below the state median ($960K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 24.2x is considered stretched. House prices have moved +50.9% year-on-year.