Located in New South Wales within the Tamworth Regional local government area, Hanging Rock is a quiet locality (postcode 2340). The area has roughly 98 residents and an older demographic, with a median age of 58. Households earn a median income of $44K per year, with an average household size of 1.9 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 managers, professionals, sales. Employment in the area leans toward agriculture and manufacturing. The top ancestries reported are English, Australian, Scottish.
Hanging Rock has a median house price of $300,000, which has declined by 4.8% year-on-year. The current median weekly rent is $480. This gives a gross rental yield of approximately 8.3%. The median monthly mortgage repayment is $778.
Public transport access includes 5 bus stops. The crime rate in the Tamworth Regional LGA is moderate at 6,891 incidents per 100,000 population.
Looking at the investment signals, Hanging Rock shows a gross rental yield of approximately 8.3%, rated as high yield. Property prices sit below the state median ($300K/$1.5M), which can point to relative value. The price-to-income ratio of 6.8x is considered moderate. House prices have moved -4.8% year-on-year.