Georges Creek is a quiet locality in New South Wales within the Inverell local government area (postcode 2365). With a population of 11, the suburb has an older demographic with a median age of 58. Households earn a median income of $44K per year, with an average household size of 1.8 people. The most common occupations are machinery operators & drivers, managers. The top ancestries reported are Scottish, Australian.
The median house price in Georges Creek is $4.2 million, having surged 27.3% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 0.6%. The median monthly mortgage repayment is $5,600.
Public transport access includes 5 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Georges Creek offers a gross rental yield of 0.6%, rated as low yield. Property prices are above the state median ($4.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 95.0x is considered stretched. House prices have moved +27.3% year-on-year.
Georges Creek is a quiet locality in New South Wales within the Inverell local government area (postcode 2365). With a population of 11, the suburb has an older demographic with a median age of 58. Households earn a median income of $44K per year, with an average household size of 1.8 people. The most common occupations are machinery operators & drivers, managers. The top ancestries reported are Scottish, Australian.
The median house price in Georges Creek is $4.2 million, having surged 27.3% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 0.6%. The median monthly mortgage repayment is $5,600.
Public transport access includes 5 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Georges Creek offers a gross rental yield of 0.6%, rated as low yield. Property prices are above the state median ($4.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 95.0x is considered stretched. House prices have moved +27.3% year-on-year.