Hernani is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2453). With a population of 117, the suburb has a mature demographic with a median age of 47. Households earn a median income of $72K per year, with an average household size of 2.7 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Hernani is $5.3 million, having dropped significantly 28.8% over the past year. The current median weekly rent is $485. This gives a gross rental yield of approximately 0.5%. The median monthly mortgage repayment is $1,000.
Public transport access includes 5 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Hernani offers a gross rental yield of 0.5%, rated as low yield. Property prices are above the state median ($5.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 73.7x is considered stretched. House prices have moved -28.8% year-on-year.
Hernani is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2453). With a population of 117, the suburb has a mature demographic with a median age of 47. Households earn a median income of $72K per year, with an average household size of 2.7 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Hernani is $5.3 million, having dropped significantly 28.8% over the past year. The current median weekly rent is $485. This gives a gross rental yield of approximately 0.5%. The median monthly mortgage repayment is $1,000.
Public transport access includes 5 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Hernani offers a gross rental yield of 0.5%, rated as low yield. Property prices are above the state median ($5.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 73.7x is considered stretched. House prices have moved -28.8% year-on-year.