Gunningbland is a quiet locality in New South Wales within the Parkes local government area (postcode 2876). With a population of 90, the suburb has an established demographic with a median age of 44. Households earn a median income of $98K per year, with an average household size of 3 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Gunningbland is $45,000, having dropped significantly 80% over the past year. The median weekly rent is $175 (Census 2021). This gives a gross rental yield of approximately 20.2%. The median monthly mortgage repayment is $1,600.
Public transport access includes 5 bus stops. The crime rate in the Parkes LGA is moderate at 6,069 incidents per 100,000 population.
From an investment perspective, Gunningbland offers a gross rental yield of 20.2%, rated as high yield. Property prices sit below the state median ($45K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 0.5x is considered affordable. House prices have moved -80.0% year-on-year.
Gunningbland is a quiet locality in New South Wales within the Parkes local government area (postcode 2876). With a population of 90, the suburb has an established demographic with a median age of 44. Households earn a median income of $98K per year, with an average household size of 3 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Gunningbland is $45,000, having dropped significantly 80% over the past year. The median weekly rent is $175 (Census 2021). This gives a gross rental yield of approximately 20.2%. The median monthly mortgage repayment is $1,600.
Public transport access includes 5 bus stops. The crime rate in the Parkes LGA is moderate at 6,069 incidents per 100,000 population.
From an investment perspective, Gunningbland offers a gross rental yield of 20.2%, rated as high yield. Property prices sit below the state median ($45K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 0.5x is considered affordable. House prices have moved -80.0% year-on-year.