Garema is a quiet locality in New South Wales within the Forbes local government area (postcode 2871). With a population of 84, the suburb has a mature demographic with a median age of 50. Households earn a median income of $68K per year, with an average household size of 2.4 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Garema is $5.2 million, having surged 538.4% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 0.4%. The median monthly mortgage repayment is $1,567.
Public transport access includes 13 bus stops. The crime rate in the Forbes LGA is moderate at 6,918 incidents per 100,000 population.
From an investment perspective, Garema offers a gross rental yield of 0.4%, rated as low yield. Property prices are above the state median ($5.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 76.3x is considered stretched. House prices have moved +538.4% year-on-year.
Garema is a quiet locality in New South Wales within the Forbes local government area (postcode 2871). With a population of 84, the suburb has a mature demographic with a median age of 50. Households earn a median income of $68K per year, with an average household size of 2.4 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Garema is $5.2 million, having surged 538.4% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 0.4%. The median monthly mortgage repayment is $1,567.
Public transport access includes 13 bus stops. The crime rate in the Forbes LGA is moderate at 6,918 incidents per 100,000 population.
From an investment perspective, Garema offers a gross rental yield of 0.4%, rated as low yield. Property prices are above the state median ($5.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 76.3x is considered stretched. House prices have moved +538.4% year-on-year.