Fortis Creek is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 38, the suburb has an older demographic with a median age of 58. Households earn a median income of $44K per year, with an average household size of 2 people. The most common occupations are labourers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Fortis Creek is $293,000, having dropped significantly 33.4% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 8.5%. The median monthly mortgage repayment is $646.
The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Fortis Creek offers a gross rental yield of 8.5%, rated as high yield. Property prices sit below the state median ($293K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.6x is considered moderate. House prices have moved -33.4% year-on-year.
Fortis Creek is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 38, the suburb has an older demographic with a median age of 58. Households earn a median income of $44K per year, with an average household size of 2 people. The most common occupations are labourers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Fortis Creek is $293,000, having dropped significantly 33.4% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 8.5%. The median monthly mortgage repayment is $646.
The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Fortis Creek offers a gross rental yield of 8.5%, rated as high yield. Property prices sit below the state median ($293K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.6x is considered moderate. House prices have moved -33.4% year-on-year.