Delungra (postcode 2403) is a close-knit residential community in New South Wales within the Inverell local government area. The area has roughly 625 residents and a settled, mature resident base, with a median age of 45. Households earn a median income of $55K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% 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, community & personal service, labourers. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Irish.
Median house prices in Delungra stand at $263,000, having posted strong gains by 9.4% over the last twelve months. The median weekly rent is $200 (Census 2021). This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,004.
Delungra is served by 1 school, including 1 primary. The average ICSEA score is 827, which is well below the national average of 1,000. Public transport access includes 1 rail station, 21 bus stops. The crime rate in the Inverell LGA is moderate at 5,178 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 4.0% (moderate yield). Property prices sit below the state median ($263K/$1.5M), which can point to relative value. The price-to-income ratio of 4.8x is considered affordable. House prices have moved +9.4% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.