Glen Innes (postcode 2370) is a medium-sized suburb in New South Wales within the Glen Innes Severn local government area. With a population of 6,219, the suburb has a settled, mature resident base with a median age of 49. Households earn a median income of $47K 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 +0.7% 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 community & personal service, labourers, professionals. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Glen Innes has a median house price of $395,000, which has moved lower by 5.7% year-on-year. Units have a median price of $317,000 (+21.9% YoY). The current median weekly rent is $350. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,068.
Glen Innes is served by 5 schools, including 4 primary, 1 secondary. The average ICSEA score is 938, which is below the national average of 1,000. Public transport access includes 3 rail stations, 217 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Glen Innes Severn LGA is moderate at 4,717 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 4.6% (moderate yield). Property prices sit below the state median ($395K/$1.5M), which can point to relative value. The price-to-income ratio of 8.4x is considered moderate. House prices have moved -5.7% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.