Grahamstown (postcode 2729) is a small, quiet locality in New South Wales within the Snowy Valleys local government area. The area has roughly 71 residents and an older-leaning population, with a median age of 54. Households earn a median income of $59K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% 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, technicians & trades, machinery operators & drivers. Employment in the area leans toward manufacturing and construction. The top ancestries reported are Australian, English, Irish.
Median house prices in Grahamstown stand at $240,000, having risen solidly by 9.1% over the last twelve months. The current median weekly rent is $600. This gives a gross rental yield of approximately 13.0%. The median monthly mortgage repayment is $1,272.
Public transport access includes 4 bus stops. The crime rate in the Snowy Valleys LGA is below average at 3,281 incidents per 100,000 population.
On the investment side, Grahamstown shows a gross rental yield of approximately 13.0%, rated as high yield. Property prices sit below the state median ($240K/$1.5M), which can point to relative value. The price-to-income ratio of 4.1x is considered affordable. House prices have moved +9.1% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.