Gilmore (postcode 2720) is a small, quiet locality in New South Wales within the Snowy Valleys local government area. It is home to about 229 residents, with an older-leaning population and a median age of 45. Households earn a median income of $92K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% 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 most common occupations are managers, community & personal service, professionals. Employment in the area leans toward agriculture and manufacturing. The top ancestries reported are Australian, English, Irish.
The median house price in Gilmore is $473,000, having risen solidly by 7% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,820.
Public transport access includes 27 bus stops. The crime rate in the Snowy Valleys LGA is below average at 3,281 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 4.5% (moderate yield). Property prices sit below the state median ($473K/$1.5M), which can point to relative value. The price-to-income ratio of 5.1x is considered affordable. House prices have moved +7.0% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.