Gorge Creek is a quiet locality in New South Wales within the Kyogle local government area (postcode 2469). With a population of 16, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $47K per year, with an average household size of 1.7 people. The top ancestries reported are Australian, English, Irish.
The median house price in Gorge Creek is $92,000, having dropped significantly 94% over the past year. The current median weekly rent is $490. This gives a gross rental yield of approximately 27.7%. The median monthly mortgage repayment is $9,999.
The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, Gorge Creek offers a gross rental yield of 27.7%, rated as high yield. Property prices sit below the state median ($92K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.0x is considered affordable. House prices have moved -94.0% year-on-year.
Gorge Creek is a quiet locality in New South Wales within the Kyogle local government area (postcode 2469). With a population of 16, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $47K per year, with an average household size of 1.7 people. The top ancestries reported are Australian, English, Irish.
The median house price in Gorge Creek is $92,000, having dropped significantly 94% over the past year. The current median weekly rent is $490. This gives a gross rental yield of approximately 27.7%. The median monthly mortgage repayment is $9,999.
The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, Gorge Creek offers a gross rental yield of 27.7%, rated as high yield. Property prices sit below the state median ($92K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.0x is considered affordable. House prices have moved -94.0% year-on-year.