Drake Village is a quiet locality in New South Wales within the Tenterfield local government area (postcode 2469). With a population of 95, the suburb has a mature demographic with a median age of 54. Households earn a median income of $36K per year, with an average household size of 2.1 people. The most common occupations are labourers, machinery operators & drivers, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Drake Village is $225,000, having surged 230.9% over the past year. The current median weekly rent is $490. This gives a gross rental yield of approximately 11.3%. The median monthly mortgage repayment is $635.
Public transport access includes 7 bus stops. The crime rate in the Tenterfield LGA is moderate at 5,154 incidents per 100,000 population.
From an investment perspective, Drake Village offers a gross rental yield of 11.3%, rated as high yield. Property prices sit below the state median ($225K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.3x is considered moderate. House prices have moved +230.9% year-on-year.
Drake Village is a quiet locality in New South Wales within the Tenterfield local government area (postcode 2469). With a population of 95, the suburb has a mature demographic with a median age of 54. Households earn a median income of $36K per year, with an average household size of 2.1 people. The most common occupations are labourers, machinery operators & drivers, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Drake Village is $225,000, having surged 230.9% over the past year. The current median weekly rent is $490. This gives a gross rental yield of approximately 11.3%. The median monthly mortgage repayment is $635.
Public transport access includes 7 bus stops. The crime rate in the Tenterfield LGA is moderate at 5,154 incidents per 100,000 population.
From an investment perspective, Drake Village offers a gross rental yield of 11.3%, rated as high yield. Property prices sit below the state median ($225K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.3x is considered moderate. House prices have moved +230.9% year-on-year.