Located in New South Wales within the Nambucca Valley local government area, Girralong is a small, quiet locality (postcode 2449). With a population of 44, the suburb has a more retirement-aged population with a median age of 56. Households earn a median income of $44K 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 +0.9% 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, professionals, community & personal service. Employment in the area leans toward construction and agriculture. The top ancestries reported are English, Maori, Scottish.
Median house prices in Girralong stand at $480,000, having softened modestly by 2% over the last twelve months. The current median weekly rent is $485. This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $1,192.
The crime rate in the Nambucca Valley LGA is moderate at 4,255 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 5.3% (high yield). Property prices sit below the state median ($480K/$1.5M), which can point to relative value. The price-to-income ratio of 10.9x is considered stretched. House prices have moved -2.0% year-on-year. Population growth of +0.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.