Located in New South Wales within the Queanbeyan-Palerang Regional local government area, Currawang is a sparsely populated locality (postcode 2580). With a population of 167, the suburb has an older-leaning population with a median age of 46. Households earn a median income of $127K per year, with an average household size of 2.4 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, clerical & administrative. Employment in the area leans toward public admin & safety and agriculture. The top ancestries reported are English, Australian, Irish.
The median house price in Currawang is $890,000, having fallen sharply by 13.6% over the past year. The current median weekly rent is $520. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,448.
Public transport access includes 7 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,677 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 3.0%, which reads as moderate yield. Property prices sit below the state median ($890K/$1.5M), which can point to relative value. The price-to-income ratio of 7.0x is considered moderate. House prices have moved -13.6% year-on-year.