Gum Flat is a quiet locality in New South Wales within the Inverell local government area (postcode 2360). With a population of 209, the suburb has a mature demographic with a median age of 45. Households earn a median income of $70K per year, with an average household size of 2.5 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Gum Flat is $800,000, having surged 87.4% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 2.6%. 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 5,172 incidents per 100,000 population.
From an investment perspective, Gum Flat offers a gross rental yield of 2.6%, rated as low yield. Property prices sit below the state median ($800K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.4x is considered stretched. House prices have moved +87.4% year-on-year.
Gum Flat is a quiet locality in New South Wales within the Inverell local government area (postcode 2360). With a population of 209, the suburb has a mature demographic with a median age of 45. Households earn a median income of $70K per year, with an average household size of 2.5 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Gum Flat is $800,000, having surged 87.4% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 2.6%. 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 5,172 incidents per 100,000 population.
From an investment perspective, Gum Flat offers a gross rental yield of 2.6%, rated as low yield. Property prices sit below the state median ($800K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.4x is considered stretched. House prices have moved +87.4% year-on-year.