Glen Davis (postcode 2846) is a sparsely populated locality in New South Wales within the Lithgow local government area. With a population of 106, the suburb has an older demographic with a median age of 57. Households earn a median income of $42K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.5% 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, technicians & trades, professionals. Employment in the area leans toward accommodation & food and agriculture. The top ancestries reported are Australian, English, Scottish.
Glen Davis has a median house price of $103,000, which has declined steeply by 47.8% year-on-year. The median weekly rent is $250 (Census 2021). This gives a gross rental yield of approximately 12.6%. The median monthly mortgage repayment is $867.
The crime rate in the Lithgow LGA is moderate at 4,772 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 12.6%, which reads as high yield. Property prices sit below the state median ($103K/$1.5M), which can point to relative value. The price-to-income ratio of 2.4x is considered affordable. House prices have moved -47.8% year-on-year. Population growth of -0.5% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.