Gibberagee is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2469). It is home to about 35 residents, with an older demographic and a median age of 60. Households earn a median income of $30K per year, with an average household size of 1.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% 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 top ancestries reported are Australian, Dutch, Irish.
The median house price in Gibberagee is $365,000, having risen steeply by 35.2% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $1,950.
Public transport access includes 1 bus stop. The crime rate in the Clarence Valley LGA is moderate at 5,045 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 5.4%, which reads as high yield. Property prices sit below the state median ($365K/$1.5M), which can point to relative value. The price-to-income ratio of 12.2x is considered stretched. House prices have moved +35.2% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.