Green Gully is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). With a population of 49, the suburb has an older-leaning population with a median age of 52. Households earn a median income of $61K per year, with an average household size of 2.5 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 clerical & administrative, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Green Gully is $260,000, having declined steeply by 35.2% over the past year. The current median weekly rent is $590. This gives a gross rental yield of approximately 11.8%. The median monthly mortgage repayment is $1,174.
Public transport access includes 7 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, The gross rental yield works out to roughly 11.8%, which reads as high yield. Property prices sit below the state median ($260K/$1.5M), which can point to relative value. The price-to-income ratio of 4.3x is considered affordable. House prices have moved -35.2% year-on-year.