Deepwater is a quiet locality in New South Wales within the Glen Innes Severn local government area (postcode 2371). With a population of 456, the suburb has an older demographic with a median age of 56. Households earn a median income of $40K per year, with an average household size of 2 people. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Deepwater is $458,000, having surged 357.5% over the past year. The median weekly rent is $200 (Census 2021). This gives a gross rental yield of approximately 2.3%. 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 4,723 incidents per 100,000 population.
From an investment perspective, Deepwater offers a gross rental yield of 2.3%, rated as low yield. Property prices sit below the state median ($458K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.5x is considered stretched. House prices have moved +357.5% year-on-year.
Deepwater is a quiet locality in New South Wales within the Glen Innes Severn local government area (postcode 2371). With a population of 456, the suburb has an older demographic with a median age of 56. Households earn a median income of $40K per year, with an average household size of 2 people. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Deepwater is $458,000, having surged 357.5% over the past year. The median weekly rent is $200 (Census 2021). This gives a gross rental yield of approximately 2.3%. 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 4,723 incidents per 100,000 population.
From an investment perspective, Deepwater offers a gross rental yield of 2.3%, rated as low yield. Property prices sit below the state median ($458K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.5x is considered stretched. House prices have moved +357.5% year-on-year.