Located in New South Wales within the Cabonne local government area, Garra is a small, quiet locality (postcode 2866). With a population of 117, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $108K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.0% 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, technicians & trades, labourers. Employment in the area leans toward agriculture and manufacturing. The top ancestries reported are Australian, English, Scottish.
The median house price in Garra is $253,000, broadly unchanged over the past year. The current median weekly rent is $468. This gives a gross rental yield of approximately 9.6%. The median monthly mortgage repayment is $1,798.
Public transport access includes 8 bus stops. The crime rate in the Cabonne LGA is low at 1,859 incidents per 100,000 population.
On the investment side, Garra shows a gross rental yield of approximately 9.6%, rated as high yield. Property prices sit below the state median ($253K/$1.5M), which can point to relative value. The price-to-income ratio of 2.4x is considered affordable. House prices have moved +0.0% year-on-year. Population growth of +0.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.