Located in New South Wales within the Dubbo Regional local government area, Dripstone is a sparsely populated locality (postcode 2820). With a population of 68, the suburb has an older-leaning population with a median age of 52. Households earn a median income of $59K per year, with an average household size of 2.4 people. 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 professionals, community & personal service, managers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Aboriginal Australian.
Median house prices in Dripstone sit at $373,000, little changed on a year ago. The current median weekly rent is $430. This gives a gross rental yield of approximately 6.0%. The median monthly mortgage repayment is $961.
Public transport access includes 7 bus stops. The crime rate in the Dubbo Regional LGA is moderate at 6,970 incidents per 100,000 population.
Looking at the investment signals, Dripstone shows a gross rental yield of approximately 6.0%, rated as high yield. Property prices sit below the state median ($373K/$1.5M), which can point to relative value. The price-to-income ratio of 6.4x is considered moderate. House prices have moved +0.0% year-on-year.