Gilgai is a small community in New South Wales within the Inverell local government area (postcode 2360). With a population of 740, the suburb has a mature demographic with a median age of 45. Households earn a median income of $60K per year, with an average household size of 2.5 people. The most common occupations are labourers, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Gilgai is $645,000, having surged 115% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,250.
Gilgai is served by 1 school, including 1 primary. The average ICSEA score is 843, which is well below the national average of 1,000. Public transport access includes 23 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Gilgai offers a gross rental yield of 3.2%, rated as moderate yield. Property prices sit below the state median ($645K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.8x is considered stretched. House prices have moved +115.0% year-on-year.
Gilgai is a small community in New South Wales within the Inverell local government area (postcode 2360). With a population of 740, the suburb has a mature demographic with a median age of 45. Households earn a median income of $60K per year, with an average household size of 2.5 people. The most common occupations are labourers, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Gilgai is $645,000, having surged 115% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,250.
Gilgai is served by 1 school, including 1 primary. The average ICSEA score is 843, which is well below the national average of 1,000. Public transport access includes 23 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Gilgai offers a gross rental yield of 3.2%, rated as moderate yield. Property prices sit below the state median ($645K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.8x is considered stretched. House prices have moved +115.0% year-on-year.