Darlington Point (postcode 2706) is a small locality in New South Wales within the Murrumbidgee local government area. With a population of 1,030, the suburb has a settled mid-life population with a median age of 44. Households earn a median income of $68K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.2% 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 labourers, managers, technicians & trades. Employment in the area leans toward agriculture and manufacturing. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in Darlington Point stand at $420,000, having surged by 15.1% over the last twelve months. The current median weekly rent is $450. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $1,083.
Darlington Point is served by 1 school, including 1 primary. The average ICSEA score is 870, which is well below the national average of 1,000. Public transport access includes 64 bus stops. The crime rate in the Murrumbidgee LGA is below average at 3,715 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 5.6%, which reads as high yield. Property prices sit below the state median ($420K/$1.5M), which can point to relative value. The price-to-income ratio of 6.2x is considered moderate. House prices have moved +15.1% year-on-year. Population growth of +0.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.