Gunning (postcode 2581) is a close-knit residential community in New South Wales within the Upper Lachlan Shire local government area. With a population of 820, the suburb has an established demographic with a median age of 38. Households earn a median income of $107K per year, with an average household size of 2.7 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 professionals, managers, technicians & trades. Employment in the area leans toward public admin & safety and healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in Gunning stand at $730,000, having grown strongly by 7.4% over the last twelve months. The current median weekly rent is $750. This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $1,733.
Gunning is served by 1 school, including 1 primary. The average ICSEA score is 1024, which is around the national average of 1,000. Public transport access includes 1 rail station, 25 bus stops. The crime rate in the Upper Lachlan Shire LGA is low at 1,619 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 5.3%, which reads as high yield. Property prices sit below the state median ($730K/$1.5M), which can point to relative value. The price-to-income ratio of 6.9x is considered moderate. House prices have moved +7.4% year-on-year.