Located in New South Wales within the Wingecarribee local government area, East Kangaloon is a small, quiet locality (postcode 2576). With a population of 80, the suburb has a settled, mature resident base with a median age of 54. Households earn a median income of $111K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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 professionals, managers, technicians & trades. Employment in the area leans toward education and agriculture. The top ancestries reported are English, Australian, Irish.
Median house prices in East Kangaloon sit at $2.7 million, little changed on a year ago. The current median weekly rent is $780. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $3,402.
Public transport access includes 3 bus stops. The crime rate in the Wingecarribee LGA is low at 1,470 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 1.5%, which reads as low yield. Property prices are above the state median ($2.7M/$1.5M), placing it in the premium segment. The price-to-income ratio of 24.4x is considered stretched. House prices have moved +0.0% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.