Hermidale is a small, quiet locality in New South Wales within the Bogan local government area (postcode 2831). It is home to about 127 residents, with a settled mid-life population and a median age of 43. Households earn a median income of $81K per year, with an average household size of 2.7 people. Recent annual estimates show population movement softening across the broader catchment, with population growth running at -1.4% 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, machinery operators & drivers, technicians & trades. Employment in the area leans toward agriculture and mining. The top ancestries reported are Australian, English, Irish.
Hermidale has a median house price of $200,000, holding roughly steady year-on-year. The median weekly rent is $700 (Census 2021). This gives a gross rental yield of approximately 18.2%. The median monthly mortgage repayment is $477.
Hermidale is served by 1 school, including 1 primary. The average ICSEA score is 874, which is well below the national average of 1,000. Public transport access includes 10 bus stops. The crime rate in the Bogan LGA is low at 0 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 18.2%, which reads as high yield. Property prices sit below the state median ($200K/$1.5M), which can point to relative value. The price-to-income ratio of 2.5x is considered affordable. House prices have moved +0.0% year-on-year. Population growth of -1.4% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.