Elsmore is a quiet locality in New South Wales within the Inverell local government area (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. The most common occupations are community & personal service, labourers, managers. The top ancestries reported are English, German, Australian.
The median house price in Elsmore is $575,000, having surged 67.5% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $964.
Public transport access includes 5 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Elsmore offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($575K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.2x is considered moderate. House prices have moved +67.5% year-on-year.
Elsmore is a quiet locality in New South Wales within the Inverell local government area (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. The most common occupations are community & personal service, labourers, managers. The top ancestries reported are English, German, Australian.
The median house price in Elsmore is $575,000, having surged 67.5% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $964.
Public transport access includes 5 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Elsmore offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($575K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.2x is considered moderate. House prices have moved +67.5% year-on-year.