Grafton is a well-established suburb in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 10,563, the suburb has an established demographic with a median age of 44. Households earn a median income of $61K per year, with an average household size of 2.2 people. The most common occupations are community & personal service, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Grafton is $505,000, having declined 5.6% over the past year. Units have a median price of $500,000 (+23.5% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $1,348.
Grafton is served by 5 schools, including 3 primary, 1 secondary, 1 combined. The average ICSEA score is 956, which is around the national average of 1,000. Public transport access includes 70 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Grafton offers a gross rental yield of 4.9%, rated as moderate yield. Property prices sit below the state median ($505K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.2x is considered moderate. House prices have moved -5.6% year-on-year.
Grafton is a well-established suburb in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 10,563, the suburb has an established demographic with a median age of 44. Households earn a median income of $61K per year, with an average household size of 2.2 people. The most common occupations are community & personal service, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Grafton is $505,000, having declined 5.6% over the past year. Units have a median price of $500,000 (+23.5% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $1,348.
Grafton is served by 5 schools, including 3 primary, 1 secondary, 1 combined. The average ICSEA score is 956, which is around the national average of 1,000. Public transport access includes 70 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Grafton offers a gross rental yield of 4.9%, rated as moderate yield. Property prices sit below the state median ($505K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.2x is considered moderate. House prices have moved -5.6% year-on-year.