Located in New South Wales within the Snowy Monaro Regional local government area, Crackenback is a sparsely populated locality (postcode 2627). It is home to about 213 residents, with a settled, mature resident base and a median age of 45. Households earn a median income of $123K per year, with an average household size of 2.9 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 managers, professionals, labourers. Employment in the area leans toward accommodation & food and construction. The top ancestries reported are English, Australian, Scottish.
The median house price in Crackenback is $2.3 million, having declined by 3.3% over the past year. Units have a median price of $1.3 million (-15.2% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,819.
Public transport access includes 6 bus stops. The crime rate in the Snowy Monaro Regional LGA is below average at 2,173 incidents per 100,000 population.
Looking at the investment signals, Crackenback shows a gross rental yield of approximately 1.8%, rated as low yield. Property prices are above the state median ($2.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.7x is considered stretched. House prices have moved -3.3% year-on-year.