Glen Elgin is a quiet locality in New South Wales within the Glen Innes Severn local government area (postcode 2370). With a population of 32, the suburb has a mature demographic with a median age of 46. Households earn a median income of $84K per year, with an average household size of 2.2 people. The most common occupations are managers, technicians & trades, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Glen Elgin is $102,000, having dropped significantly 68.5% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 19.3%.
Public transport access includes 2 bus stops. The crime rate in the Glen Innes Severn LGA is moderate at 4,723 incidents per 100,000 population.
From an investment perspective, Glen Elgin offers a gross rental yield of 19.3%, rated as high yield. Property prices sit below the state median ($102K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.2x is considered affordable. House prices have moved -68.5% year-on-year.
Glen Elgin is a quiet locality in New South Wales within the Glen Innes Severn local government area (postcode 2370). With a population of 32, the suburb has a mature demographic with a median age of 46. Households earn a median income of $84K per year, with an average household size of 2.2 people. The most common occupations are managers, technicians & trades, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Glen Elgin is $102,000, having dropped significantly 68.5% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 19.3%.
Public transport access includes 2 bus stops. The crime rate in the Glen Innes Severn LGA is moderate at 4,723 incidents per 100,000 population.
From an investment perspective, Glen Elgin offers a gross rental yield of 19.3%, rated as high yield. Property prices sit below the state median ($102K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.2x is considered affordable. House prices have moved -68.5% year-on-year.