Falls Creek is a small community in New South Wales within the Shoalhaven local government area (postcode 2540). With a population of 939, the suburb has a mature demographic with a median age of 49. Households earn a median income of $78K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Falls Creek is $1.4 million, having surged 12.7% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,199.
Falls Creek is served by 1 school, including 1 primary. The average ICSEA score is 921, which is below the national average of 1,000. Public transport access includes 40 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Falls Creek offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 17.2x is considered stretched. House prices have moved +12.7% year-on-year.
Falls Creek is a small community in New South Wales within the Shoalhaven local government area (postcode 2540). With a population of 939, the suburb has a mature demographic with a median age of 49. Households earn a median income of $78K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Falls Creek is $1.4 million, having surged 12.7% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,199.
Falls Creek is served by 1 school, including 1 primary. The average ICSEA score is 921, which is below the national average of 1,000. Public transport access includes 40 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Falls Creek offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 17.2x is considered stretched. House prices have moved +12.7% year-on-year.