Located in New South Wales within the Tamworth Regional local government area, Daruka is a small locality (postcode 2340). With a population of 770, the suburb has a settled mid-life population with a median age of 44. Households earn a median income of $121K per year, with an average household size of 2.9 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 professionals, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are Australian, English, Irish.
Daruka has a median house price of $950,000, which has fallen by 5% year-on-year. The current median weekly rent is $480. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,167.
Public transport access includes 59 bus stops. The crime rate in the Tamworth Regional LGA is moderate at 6,891 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 2.6% (low yield). Property prices sit below the state median ($950K/$1.5M), which can point to relative value. The price-to-income ratio of 7.9x is considered moderate. House prices have moved -5.0% year-on-year.