Ganbenang is a small, quiet locality in New South Wales within the Lithgow local government area (postcode 2790). It is home to about 109 residents, with a predominantly older resident base and a median age of 57. Households earn a median income of $102K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.5% year-on-year at the LGA level. 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 managers, clerical & administrative, labourers. Employment in the area leans toward construction and agriculture. The top ancestries reported are Australian, English, Irish.
Ganbenang has a median house price of $1.6 million, which has surged by 60.8% year-on-year. The current median weekly rent is $440. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,167.
Public transport access includes 6 bus stops. The crime rate in the Lithgow LGA is moderate at 4,772 incidents per 100,000 population.
From an investment perspective, Ganbenang shows a gross rental yield of approximately 1.4%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 15.7x is considered stretched. House prices have moved +60.8% year-on-year. Population growth of -0.5% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.