Hargraves (postcode 2850) is a sparsely populated locality in New South Wales within the Mid-Western Regional local government area. The area has roughly 300 residents and an older-leaning population, with a median age of 50. Households earn a median income of $45K per year, with an average household size of 2.2 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, labourers, technicians & trades. Employment in the area leans toward agriculture and retail trade. The top ancestries reported are Australian, English, Irish.
Hargraves has a median house price of $310,000, which has dropped significantly by 58.7% year-on-year. The current median weekly rent is $590. This gives a gross rental yield of approximately 9.9%. The median monthly mortgage repayment is $1,083.
Hargraves is served by 1 school, including 1 primary. The average ICSEA score is 840, which is well below the national average of 1,000. Public transport access includes 20 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 9.9% (high yield). Property prices sit below the state median ($310K/$1.5M), which can point to relative value. The price-to-income ratio of 6.8x is considered moderate. House prices have moved -58.7% year-on-year.