Elcombe is a quiet locality in New South Wales within the Gwydir local government area (postcode 2404). With a population of 25, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $23K per year, with an average household size of 3.3 people. The most common occupations are managers, professionals. The top ancestries reported are English, Scottish, Australian.
The median house price in Elcombe is $5.6 million, having surged 57.9% over the past year. The current median weekly rent is $325. This gives a gross rental yield of approximately 0.3%. The median monthly mortgage repayment is $1,250.
Public transport access includes 5 bus stops. The crime rate in the Gwydir LGA is below average at 3,433 incidents per 100,000 population.
From an investment perspective, Elcombe offers a gross rental yield of 0.3%, rated as low yield. Property prices are above the state median ($5.6M/$1.5M), placing it in the premium segment. The price-to-income ratio of 239.8x is considered stretched. House prices have moved +57.9% year-on-year.
Elcombe is a quiet locality in New South Wales within the Gwydir local government area (postcode 2404). With a population of 25, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $23K per year, with an average household size of 3.3 people. The most common occupations are managers, professionals. The top ancestries reported are English, Scottish, Australian.
The median house price in Elcombe is $5.6 million, having surged 57.9% over the past year. The current median weekly rent is $325. This gives a gross rental yield of approximately 0.3%. The median monthly mortgage repayment is $1,250.
Public transport access includes 5 bus stops. The crime rate in the Gwydir LGA is below average at 3,433 incidents per 100,000 population.
From an investment perspective, Elcombe offers a gross rental yield of 0.3%, rated as low yield. Property prices are above the state median ($5.6M/$1.5M), placing it in the premium segment. The price-to-income ratio of 239.8x is considered stretched. House prices have moved +57.9% year-on-year.