Hanwood is a small community in New South Wales within the Griffith local government area (postcode 2680). With a population of 1,388, the suburb has an established demographic with a median age of 39. Households earn a median income of $97K 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 Italian, Australian, English.
The median house price in Hanwood is $624,000, having dropped significantly 8.4% over the past year. Units have a median price of $465,000 (+6.4% YoY). The current median weekly rent is $475. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,500.
Hanwood is served by 1 school, including 1 primary. The average ICSEA score is 982, which is around the national average of 1,000. Public transport access includes 1 rail station, 30 bus stops. The crime rate in the Griffith LGA is moderate at 4,407 incidents per 100,000 population.
From an investment perspective, Hanwood offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($624K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.5x is considered moderate. House prices have moved -8.4% year-on-year.
Hanwood is a small community in New South Wales within the Griffith local government area (postcode 2680). With a population of 1,388, the suburb has an established demographic with a median age of 39. Households earn a median income of $97K 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 Italian, Australian, English.
The median house price in Hanwood is $624,000, having dropped significantly 8.4% over the past year. Units have a median price of $465,000 (+6.4% YoY). The current median weekly rent is $475. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,500.
Hanwood is served by 1 school, including 1 primary. The average ICSEA score is 982, which is around the national average of 1,000. Public transport access includes 1 rail station, 30 bus stops. The crime rate in the Griffith LGA is moderate at 4,407 incidents per 100,000 population.
From an investment perspective, Hanwood offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($624K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.5x is considered moderate. House prices have moved -8.4% year-on-year.