Located in New South Wales within the Carrathool local government area, Hillston is a small locality (postcode 2675). It is home to about 1,547 residents, with a mix of young professionals and families and a median age of 36. Households earn a median income of $77K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% 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 labourers, managers, machinery operators & drivers. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in Hillston stand at $245,000, having declined steeply by 19% over the last twelve months. The current median weekly rent is $295. This gives a gross rental yield of approximately 6.3%. The median monthly mortgage repayment is $901.
Hillston is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 961, which is around the national average of 1,000. Public transport access includes 66 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Carrathool LGA is low at 0 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 6.3%, which reads as high yield. Property prices sit below the state median ($245K/$1.5M), which can point to relative value. The price-to-income ratio of 3.2x is considered affordable. House prices have moved -19.0% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.