Grabben Gullen (postcode 2583) is a sparsely populated locality in New South Wales within the Upper Lachlan Shire local government area. The area has roughly 248 residents and a settled, mature resident base, with a median age of 52. Households earn a median income of $63K per year, with an average household size of 2.3 people. 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, community & personal service, technicians & trades. Employment in the area leans toward agriculture and professional services. The top ancestries reported are Australian, English, Irish.
The median house price in Grabben Gullen is $818,000, having risen steeply by 22% over the past year. The current median weekly rent is $430. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,200.
Public transport access includes 13 bus stops. The crime rate in the Upper Lachlan Shire LGA is low at 1,619 incidents per 100,000 population.
From an investment perspective, Grabben Gullen shows a gross rental yield of approximately 2.7%, rated as low yield. Property prices sit below the state median ($818K/$1.5M), which can point to relative value. The price-to-income ratio of 12.9x is considered stretched. House prices have moved +22.0% year-on-year.