Dargan (postcode 2786) is a quiet locality in New South Wales within the Lithgow local government area. With a population of 83, the suburb has a predominantly older resident base with a median age of 62. Households earn a median income of $60K per year, with an average household size of 1.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.5% year-on-year at the LGA level. 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, sales. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are English, Australian, Irish.
Dargan has a median house price of $208,000, which has dropped significantly by 51.1% year-on-year. The current median weekly rent is $520. This gives a gross rental yield of approximately 13.0%. The median monthly mortgage repayment is $1,387.
Public transport access includes 1 bus stop. The crime rate in the Lithgow LGA is moderate at 4,772 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 13.0%, which reads as high yield. Property prices sit below the state median ($208K/$1.5M), which can point to relative value. The price-to-income ratio of 3.4x is considered affordable. House prices have moved -51.1% year-on-year. Population growth of -0.5% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.