Gravesend is a quiet locality in New South Wales within the Gwydir local government area (postcode 2401). With a population of 299, the suburb has an established demographic with a median age of 42. Households earn a median income of $73K per year, with an average household size of 2.8 people. The most common occupations are managers, machinery operators & drivers, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Gravesend is $172,000, having dropped significantly 14% over the past year. The median weekly rent is $160 (Census 2021). This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $815.
Gravesend is served by 1 school, including 1 primary. The average ICSEA score is 918, which is below the national average of 1,000. Public transport access includes 3 rail stations, 18 bus stops. The crime rate in the Gwydir LGA is below average at 3,433 incidents per 100,000 population.
From an investment perspective, Gravesend offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($172K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.4x is considered affordable. House prices have moved -14.0% year-on-year.
Gravesend is a quiet locality in New South Wales within the Gwydir local government area (postcode 2401). With a population of 299, the suburb has an established demographic with a median age of 42. Households earn a median income of $73K per year, with an average household size of 2.8 people. The most common occupations are managers, machinery operators & drivers, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Gravesend is $172,000, having dropped significantly 14% over the past year. The median weekly rent is $160 (Census 2021). This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $815.
Gravesend is served by 1 school, including 1 primary. The average ICSEA score is 918, which is below the national average of 1,000. Public transport access includes 3 rail stations, 18 bus stops. The crime rate in the Gwydir LGA is below average at 3,433 incidents per 100,000 population.
From an investment perspective, Gravesend offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($172K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.4x is considered affordable. House prices have moved -14.0% year-on-year.