Glen Allen is a small, quiet locality in New South Wales within the Snowy Monaro Regional local government area (postcode 2631). The area has roughly 55 residents and a settled mid-life population, with a median age of 39. Households earn a median income of $49K per year, with an average household size of 2.2 people. 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, labourers. Employment in the area leans toward public admin & safety and agriculture. The top ancestries reported are English, Irish, Australian.
Median house prices in Glen Allen stand at $250,000, having risen steeply by 56.3% over the last twelve months. The median weekly rent is $300 (Census 2021). This gives a gross rental yield of approximately 6.2%. The median monthly mortgage repayment is $1,500.
Public transport access includes 1 bus stop. The crime rate in the Snowy Monaro Regional LGA is below average at 2,173 incidents per 100,000 population.
Looking at the investment signals, Glen Allen shows a gross rental yield of approximately 6.2%, rated as high yield. Property prices sit below the state median ($250K/$1.5M), which can point to relative value. The price-to-income ratio of 5.2x is considered affordable. House prices have moved +56.3% year-on-year.