Failford is a small community in New South Wales within the Mid-Coast local government area (postcode 2430). With a population of 748, the suburb has an older demographic with a median age of 58. Households earn a median income of $52K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Failford is $1.1 million, having dropped significantly 8.4% over the past year. Units have a median price of $925,000 (+13.1% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $1,733.
Public transport access includes 26 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, Failford offers a gross rental yield of 2.2%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 22.0x is considered stretched. House prices have moved -8.4% year-on-year.
Failford is a small community in New South Wales within the Mid-Coast local government area (postcode 2430). With a population of 748, the suburb has an older demographic with a median age of 58. Households earn a median income of $52K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Failford is $1.1 million, having dropped significantly 8.4% over the past year. Units have a median price of $925,000 (+13.1% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $1,733.
Public transport access includes 26 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, Failford offers a gross rental yield of 2.2%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 22.0x is considered stretched. House prices have moved -8.4% year-on-year.