Gurranang is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 57, the suburb has an older demographic with a median age of 58. Households earn a median income of $37K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Gurranang is $478,000, having surged 41.5% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,070.
Public transport access includes 5 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Gurranang offers a gross rental yield of 5.2%, rated as high yield. Property prices sit below the state median ($478K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.0x is considered stretched. House prices have moved +41.5% year-on-year.
Gurranang is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 57, the suburb has an older demographic with a median age of 58. Households earn a median income of $37K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Gurranang is $478,000, having surged 41.5% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,070.
Public transport access includes 5 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Gurranang offers a gross rental yield of 5.2%, rated as high yield. Property prices sit below the state median ($478K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.0x is considered stretched. House prices have moved +41.5% year-on-year.