Gunning Gap is a quiet locality in New South Wales within the Forbes local government area (postcode 2876). With a population of 88, the suburb has an established demographic with a median age of 42. Households earn a median income of $68K per year, with an average household size of 2.8 people. The most common occupations are managers, technicians & trades, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Gunning Gap is $2.0 million, having dropped significantly 11.3% over the past year. The median weekly rent is $150 (Census 2021). This gives a gross rental yield of approximately 0.4%. The median monthly mortgage repayment is $1,192.
Public transport access includes 14 bus stops. The crime rate in the Forbes LGA is moderate at 6,918 incidents per 100,000 population.
From an investment perspective, Gunning Gap offers a gross rental yield of 0.4%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 29.6x is considered stretched. House prices have moved -11.3% year-on-year.
Gunning Gap is a quiet locality in New South Wales within the Forbes local government area (postcode 2876). With a population of 88, the suburb has an established demographic with a median age of 42. Households earn a median income of $68K per year, with an average household size of 2.8 people. The most common occupations are managers, technicians & trades, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Gunning Gap is $2.0 million, having dropped significantly 11.3% over the past year. The median weekly rent is $150 (Census 2021). This gives a gross rental yield of approximately 0.4%. The median monthly mortgage repayment is $1,192.
Public transport access includes 14 bus stops. The crime rate in the Forbes LGA is moderate at 6,918 incidents per 100,000 population.
From an investment perspective, Gunning Gap offers a gross rental yield of 0.4%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 29.6x is considered stretched. House prices have moved -11.3% year-on-year.