Deepwater (postcode 2371) is a quiet locality in New South Wales within the Glen Innes Severn local government area. It is home to about 456 residents, with a more retirement-aged population and a median age of 56. Households earn a median income of $40K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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, labourers, technicians & trades. Employment in the area leans toward agriculture and construction. The top ancestries reported are English, Australian, Irish.
Deepwater has a median house price of $228,000, which has dropped significantly by 30% year-on-year. The current median weekly rent is $250. This gives a gross rental yield of approximately 5.7%. The median monthly mortgage repayment is $715.
Deepwater is served by 1 school, including 1 primary. The average ICSEA score is 960, which is around the national average of 1,000. Public transport access includes 17 bus stops. The crime rate in the Glen Innes Severn LGA is moderate at 4,717 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 5.7% (high yield). Property prices sit below the state median ($228K/$1.5M), which can point to relative value. The price-to-income ratio of 5.7x is considered affordable. House prices have moved -30.0% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.