Hereford Hall (postcode 2622) is a small, quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area. The area has roughly 23 residents and an older demographic, with a median age of 63. Households earn a median income of $65K per year, with an average household size of 2.5 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 top ancestries reported are English, Irish, Australian.
Median house prices in Hereford Hall stand at $735,000, having surged by 60.8% over the last twelve months. The current median weekly rent is $470. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $3,756.
The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,677 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 3.3%, which reads as moderate yield. Property prices sit below the state median ($735K/$1.5M), which can point to relative value. The price-to-income ratio of 11.3x is considered stretched. House prices have moved +60.8% year-on-year.