Garoo is a quiet locality in New South Wales within the Tamworth Regional local government area (postcode 2340). With a population of 93, the suburb has an established demographic with a median age of 40. Households earn a median income of $84K per year, with an average household size of 2.6 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Garoo is $4.8 million, having dropped significantly 27.5% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 0.5%. The median monthly mortgage repayment is $2,167.
Public transport access includes 19 bus stops. The crime rate in the Tamworth Regional LGA is moderate at 6,745 incidents per 100,000 population.
From an investment perspective, Garoo offers a gross rental yield of 0.5%, rated as low yield. Property prices are above the state median ($4.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 56.2x is considered stretched. House prices have moved -27.5% year-on-year.
Garoo is a quiet locality in New South Wales within the Tamworth Regional local government area (postcode 2340). With a population of 93, the suburb has an established demographic with a median age of 40. Households earn a median income of $84K per year, with an average household size of 2.6 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Garoo is $4.8 million, having dropped significantly 27.5% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 0.5%. The median monthly mortgage repayment is $2,167.
Public transport access includes 19 bus stops. The crime rate in the Tamworth Regional LGA is moderate at 6,745 incidents per 100,000 population.
From an investment perspective, Garoo offers a gross rental yield of 0.5%, rated as low yield. Property prices are above the state median ($4.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 56.2x is considered stretched. House prices have moved -27.5% year-on-year.