Located in New South Wales within the Coolamon local government area, Ganmain is a close-knit residential community (postcode 2702). The area has roughly 793 residents and an older-leaning population, with a median age of 48. Households earn a median income of $61K per year, with an average household size of 2.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.3% 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, community & personal service, technicians & trades. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Irish.
Median house prices in Ganmain stand at $320,000, having risen steeply by 14.3% over the last twelve months. The median weekly rent is $200 (Census 2021). This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $867.
Ganmain is served by 2 schools, including 2 primary. The average ICSEA score is 950, which is around the national average of 1,000. Public transport access includes 1 rail station, 36 bus stops. The crime rate in the Coolamon LGA is low at 1,956 incidents per 100,000 population.
Looking at the investment signals, Ganmain shows a gross rental yield of approximately 3.3%, rated as moderate yield. Property prices sit below the state median ($320K/$1.5M), which can point to relative value. The price-to-income ratio of 5.2x is considered affordable. House prices have moved +14.3% year-on-year. Population growth of +2.3% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.