Gilletts Ridge is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2462). With a population of 44, the suburb has a mature demographic with a median age of 49. Households earn a median income of $84K per year, with an average household size of 2.7 people. The most common occupations are managers, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Gilletts Ridge is $950,000, having surged 24.8% over the past year. The current median weekly rent is $510. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,374.
Public transport access includes 3 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Gilletts Ridge offers a gross rental yield of 2.8%, rated as low yield. Property prices sit below the state median ($950K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.2x is considered stretched. House prices have moved +24.8% year-on-year.
Gilletts Ridge is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2462). With a population of 44, the suburb has a mature demographic with a median age of 49. Households earn a median income of $84K per year, with an average household size of 2.7 people. The most common occupations are managers, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Gilletts Ridge is $950,000, having surged 24.8% over the past year. The current median weekly rent is $510. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,374.
Public transport access includes 3 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Gilletts Ridge offers a gross rental yield of 2.8%, rated as low yield. Property prices sit below the state median ($950K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.2x is considered stretched. House prices have moved +24.8% year-on-year.