Galambine is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). It is home to about 100 residents, with a younger, working-age population and a median age of 29. Households earn a median income of $166K per year, with an average household size of 3 people. 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 professionals, managers, machinery operators & drivers. Employment in the area leans toward mining and education. The top ancestries reported are Australian, English, Irish.
The median house price in Galambine is $890,000, having fallen by 3.3% over the past year. The current median weekly rent is $590. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $2,167.
Public transport access includes 5 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
On the investment side, Galambine shows a gross rental yield of approximately 3.4%, rated as moderate yield. Property prices sit below the state median ($890K/$1.5M), which can point to relative value. The price-to-income ratio of 5.3x is considered affordable. House prices have moved -3.3% year-on-year.