Crackenback is a quiet locality in New South Wales within the Snowy Monaro Regional local government area (postcode 2627). With a population of 213, the suburb has a mature demographic with a median age of 45. Households earn a median income of $123K per year, with an average household size of 2.9 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Crackenback is $655,000, having dropped significantly 79.5% over the past year. Units have a median price of $1.2 million (-20.7% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 5.0%. 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 2,178 incidents per 100,000 population.
From an investment perspective, Crackenback offers a gross rental yield of 5.0%, rated as high yield. Property prices sit below the state median ($655K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.3x is considered affordable. House prices have moved -79.5% year-on-year.
Crackenback is a quiet locality in New South Wales within the Snowy Monaro Regional local government area (postcode 2627). With a population of 213, the suburb has a mature demographic with a median age of 45. Households earn a median income of $123K per year, with an average household size of 2.9 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Crackenback is $655,000, having dropped significantly 79.5% over the past year. Units have a median price of $1.2 million (-20.7% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 5.0%. 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 2,178 incidents per 100,000 population.
From an investment perspective, Crackenback offers a gross rental yield of 5.0%, rated as high yield. Property prices sit below the state median ($655K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.3x is considered affordable. House prices have moved -79.5% year-on-year.