Glenreagh is a small community in New South Wales within the Clarence Valley local government area (postcode 2450). With a population of 1,005, the suburb has an established demographic with a median age of 39. Households earn a median income of $72K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, labourers, community & personal service. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Glenreagh is $475,000, having dropped significantly 40.6% over the past year. Units have a median price of $500,000 (+109.2% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 6.6%. The median monthly mortgage repayment is $1,509.
Glenreagh is served by 1 school, including 1 primary. The average ICSEA score is 938, which is below the national average of 1,000. Public transport access includes 48 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Glenreagh offers a gross rental yield of 6.6%, rated as high yield. Property prices sit below the state median ($475K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.6x is considered moderate. House prices have moved -40.6% year-on-year.
Glenreagh is a small community in New South Wales within the Clarence Valley local government area (postcode 2450). With a population of 1,005, the suburb has an established demographic with a median age of 39. Households earn a median income of $72K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, labourers, community & personal service. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Glenreagh is $475,000, having dropped significantly 40.6% over the past year. Units have a median price of $500,000 (+109.2% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 6.6%. The median monthly mortgage repayment is $1,509.
Glenreagh is served by 1 school, including 1 primary. The average ICSEA score is 938, which is below the national average of 1,000. Public transport access includes 48 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Glenreagh offers a gross rental yield of 6.6%, rated as high yield. Property prices sit below the state median ($475K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.6x is considered moderate. House prices have moved -40.6% year-on-year.