Located in New South Wales within the Mid-Western Regional local government area, Grattai is a quiet locality (postcode 2850). With a population of 330, the suburb has a settled, mature resident base with a median age of 50. Households earn a median income of $67K 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 technicians & trades, managers, labourers. Employment in the area leans toward construction and agriculture. The top ancestries reported are English, Australian, Scottish.
The median house price in Grattai is $820,000, having climbed sharply by 76.3% over the past year. The current median weekly rent is $590. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,409.
Public transport access includes 23 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
From an investment perspective, Grattai shows a gross rental yield of approximately 3.7%, rated as moderate yield. Property prices sit below the state median ($820K/$1.5M), which can point to relative value. The price-to-income ratio of 12.3x is considered stretched. House prices have moved +76.3% year-on-year.