Located in New South Wales within the Upper Lachlan Shire local government area, Crookwell is a compact suburb (postcode 2583). It is home to about 2,686 residents, with a settled, mature resident base and a median age of 52. Households earn a median income of $62K per year, with an average household size of 2.2 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 technicians & trades, managers, labourers. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are English, Australian, Irish.
The median house price in Crookwell is $622,000, having risen solidly by 9% over the past year. The current median weekly rent is $430. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,356.
Crookwell is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 969, which is around the national average of 1,000. Public transport access includes 76 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Upper Lachlan Shire LGA is low at 1,619 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 3.6% (moderate yield). Property prices sit below the state median ($622K/$1.5M), which can point to relative value. The price-to-income ratio of 10.0x is considered moderate. House prices have moved +9.0% year-on-year.