Gurranang (postcode 2460) is a small, quiet locality in New South Wales within the Clarence Valley local government area. It is home to about 57 residents, with a more retirement-aged population and a median age of 58. Households earn a median income of $37K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% year-on-year at the LGA level. 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 managers, professionals, technicians & trades. Employment in the area leans toward construction and agriculture. The top ancestries reported are English, Australian, Scottish.
Gurranang has a median house price of $305,000, which has softened modestly by 1.6% year-on-year. The current median weekly rent is $500. This gives a gross rental yield of approximately 8.5%. 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 5,045 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 8.5% (high yield). Property prices sit below the state median ($305K/$1.5M), which can point to relative value. The price-to-income ratio of 8.3x is considered moderate. House prices have moved -1.6% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.