Gerroa is a small community in New South Wales within the Kiama local government area (postcode 2534). With a population of 571, the suburb has an older demographic with a median age of 56. Households earn a median income of $100K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Gerroa is $2.1 million, having risen modestly 1.7% over the past year. Units have a median price of $1.7 million (-0.6% YoY). The current median weekly rent is $710. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $1,759.
Public transport access includes 16 bus stops. The crime rate in the Kiama LGA is low at 1,670 incidents per 100,000 population.
From an investment perspective, Gerroa offers a gross rental yield of 1.8%, rated as low yield. Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 21.0x is considered stretched. House prices have moved +1.7% year-on-year.
Gerroa is a small community in New South Wales within the Kiama local government area (postcode 2534). With a population of 571, the suburb has an older demographic with a median age of 56. Households earn a median income of $100K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Gerroa is $2.1 million, having risen modestly 1.7% over the past year. Units have a median price of $1.7 million (-0.6% YoY). The current median weekly rent is $710. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $1,759.
Public transport access includes 16 bus stops. The crime rate in the Kiama LGA is low at 1,670 incidents per 100,000 population.
From an investment perspective, Gerroa offers a gross rental yield of 1.8%, rated as low yield. Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 21.0x is considered stretched. House prices have moved +1.7% year-on-year.