Located in New South Wales within the Yass Valley local government area, Good Hope is a sparsely populated locality (postcode 2582). The area has roughly 159 residents and an established family demographic, with a median age of 44. Households earn a median income of $99K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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, professionals, technicians & trades. Employment in the area leans toward agriculture and public admin & safety. The top ancestries reported are Australian, English, Scottish.
Median house prices in Good Hope stand at $440,000, having dropped significantly by 18.4% over the last twelve months. The current median weekly rent is $580. This gives a gross rental yield of approximately 6.9%. The median monthly mortgage repayment is $2,266.
Public transport access includes 10 bus stops. The crime rate in the Yass Valley LGA is low at 1,642 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 6.9% (high yield). Property prices sit below the state median ($440K/$1.5M), which can point to relative value. The price-to-income ratio of 4.4x is considered affordable. House prices have moved -18.4% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.