Elland is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 331, the suburb has a mature demographic with a median age of 53. Households earn a median income of $75K per year, with an average household size of 2.5 people. The most common occupations are clerical & administrative, technicians & trades, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Elland is $815,000, having declined 3% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,700.
Public transport access includes 10 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Elland offers a gross rental yield of 3.1%, rated as moderate yield. Property prices sit below the state median ($815K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.9x is considered stretched. House prices have moved -3.0% year-on-year.
Elland is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 331, the suburb has a mature demographic with a median age of 53. Households earn a median income of $75K per year, with an average household size of 2.5 people. The most common occupations are clerical & administrative, technicians & trades, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Elland is $815,000, having declined 3% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,700.
Public transport access includes 10 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Elland offers a gross rental yield of 3.1%, rated as moderate yield. Property prices sit below the state median ($815K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.9x is considered stretched. House prices have moved -3.0% year-on-year.