Glen Innes is a mid-sized suburb in New South Wales within the Glen Innes Severn local government area (postcode 2370). With a population of 6,219, the suburb has a mature demographic with a median age of 49. Households earn a median income of $47K per year, with an average household size of 2.1 people. The most common occupations are community & personal service, labourers, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Glen Innes is $540,000, having surged 33.3% over the past year. Units have a median price of $309,000 (-43.4% YoY). The current median weekly rent is $380. This gives a gross rental yield of approximately 3.7%. 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 4,723 incidents per 100,000 population.
From an investment perspective, Glen Innes offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($540K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.5x is considered stretched. House prices have moved +33.3% year-on-year.
Glen Innes is a mid-sized suburb in New South Wales within the Glen Innes Severn local government area (postcode 2370). With a population of 6,219, the suburb has a mature demographic with a median age of 49. Households earn a median income of $47K per year, with an average household size of 2.1 people. The most common occupations are community & personal service, labourers, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Glen Innes is $540,000, having surged 33.3% over the past year. Units have a median price of $309,000 (-43.4% YoY). The current median weekly rent is $380. This gives a gross rental yield of approximately 3.7%. 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 4,723 incidents per 100,000 population.
From an investment perspective, Glen Innes offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($540K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.5x is considered stretched. House prices have moved +33.3% year-on-year.