Gragin is a quiet locality in New South Wales within the Inverell local government area (postcode 2403). With a population of 15, the suburb has a young professional demographic with a median age of 29. Households earn a median income of $98K per year, with an average household size of 3.8 people. The top ancestries reported are Australian, English, Scottish.
The median house price in Gragin is $5.0 million, having declined 4% over the past year. The current median weekly rent is $350. This gives a gross rental yield of approximately 0.4%. The median monthly mortgage repayment is $4,733.
Public transport access includes 2 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Gragin offers a gross rental yield of 0.4%, rated as low yield. Property prices are above the state median ($5.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 51.3x is considered stretched. House prices have moved -4.0% year-on-year.
Gragin is a quiet locality in New South Wales within the Inverell local government area (postcode 2403). With a population of 15, the suburb has a young professional demographic with a median age of 29. Households earn a median income of $98K per year, with an average household size of 3.8 people. The top ancestries reported are Australian, English, Scottish.
The median house price in Gragin is $5.0 million, having declined 4% over the past year. The current median weekly rent is $350. This gives a gross rental yield of approximately 0.4%. The median monthly mortgage repayment is $4,733.
Public transport access includes 2 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Gragin offers a gross rental yield of 0.4%, rated as low yield. Property prices are above the state median ($5.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 51.3x is considered stretched. House prices have moved -4.0% year-on-year.