Gum Flat is a sparsely populated locality in New South Wales within the Inverell local government area (postcode 2360). The area has roughly 209 residents and an older-leaning population, with a median age of 45. Households earn a median income of $70K per year, with an average household size of 2.5 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, labourers, professionals. Employment in the area leans toward agriculture and education. The top ancestries reported are English, Australian, Scottish.
Gum Flat has a median house price of $185,000, which has eased back by 1.3% year-on-year. The current median weekly rent is $420. This gives a gross rental yield of approximately 11.8%. The median monthly mortgage repayment is $1,300.
Gum Flat is served by 1 school, including 1 primary. The average ICSEA score is 997, which is around the national average of 1,000. Public transport access includes 3 bus stops. The crime rate in the Inverell LGA is moderate at 5,178 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 11.8% (high yield). Property prices sit below the state median ($185K/$1.5M), which can point to relative value. The price-to-income ratio of 2.6x is considered affordable. House prices have moved -1.3% 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.