Elands is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2429). With a population of 178, the suburb has an older demographic with a median age of 60. Households earn a median income of $33K per year, with an average household size of 1.9 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Elands is $445,000, having dropped significantly 32.8% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $596.
Elands is served by 1 school, including 1 primary. The average ICSEA score is 976, which is around the national average of 1,000. Public transport access includes 19 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Elands offers a gross rental yield of 4.7%, rated as moderate yield. Property prices sit below the state median ($445K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.3x is considered stretched. House prices have moved -32.8% year-on-year.
Elands is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2429). With a population of 178, the suburb has an older demographic with a median age of 60. Households earn a median income of $33K per year, with an average household size of 1.9 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Elands is $445,000, having dropped significantly 32.8% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $596.
Elands is served by 1 school, including 1 primary. The average ICSEA score is 976, which is around the national average of 1,000. Public transport access includes 19 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Elands offers a gross rental yield of 4.7%, rated as moderate yield. Property prices sit below the state median ($445K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.3x is considered stretched. House prices have moved -32.8% year-on-year.