Located in New South Wales within the Inverell local government area, Elsmore is a small, quiet locality (postcode 2360). With a population of 358, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $62K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% 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 community & personal service, labourers, managers. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are English, German, Australian.
Median house prices in Elsmore sit at $430,000, little changed on a year ago. The current median weekly rent is $420. This gives a gross rental yield of approximately 5.1%. The median monthly mortgage repayment is $964.
Public transport access includes 5 bus stops. The crime rate in the Inverell LGA is moderate at 5,178 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 5.1% (high yield). Property prices sit below the state median ($430K/$1.5M), which can point to relative value. The price-to-income ratio of 6.9x is considered moderate. House prices have moved +0.0% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.