Dorrigo is a small community in New South Wales within the Bellingen local government area (postcode 2453). With a population of 1,214, the suburb has an older demographic with a median age of 56. Households earn a median income of $48K per year, with an average household size of 2 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Dorrigo is $707,000, having surged 44.3% over the past year. Units have a median price of $175,000 (+417.8% YoY). The current median weekly rent is $485. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,300.
Dorrigo is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 977, which is around the national average of 1,000. Public transport access includes 28 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Bellingen LGA is below average at 3,592 incidents per 100,000 population.
From an investment perspective, Dorrigo offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($707K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.7x is considered stretched. House prices have moved +44.3% year-on-year.
Dorrigo is a small community in New South Wales within the Bellingen local government area (postcode 2453). With a population of 1,214, the suburb has an older demographic with a median age of 56. Households earn a median income of $48K per year, with an average household size of 2 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Dorrigo is $707,000, having surged 44.3% over the past year. Units have a median price of $175,000 (+417.8% YoY). The current median weekly rent is $485. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,300.
Dorrigo is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 977, which is around the national average of 1,000. Public transport access includes 28 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Bellingen LGA is below average at 3,592 incidents per 100,000 population.
From an investment perspective, Dorrigo offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($707K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.7x is considered stretched. House prices have moved +44.3% year-on-year.