Inverell is a well-established suburb in New South Wales within the Inverell local government area (postcode 2360). With a population of 12,057, the suburb has an established demographic with a median age of 41. Households earn a median income of $62K per year, with an average household size of 2.3 people. The most common occupations are labourers, professionals, community & personal service. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Inverell is $436,000, having risen modestly 1.4% over the past year. Units have a median price of $329,000 (+7.3% YoY). The current median weekly rent is $400. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,250.
Inverell is served by 5 schools, including 2 primary, 2 secondary, 1 combined. The average ICSEA score is 916, which is below the national average of 1,000. Public transport access includes 2 rail stations, 89 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Inverell offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($436K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.1x is considered moderate. House prices have moved +1.4% year-on-year.
Inverell is a well-established suburb in New South Wales within the Inverell local government area (postcode 2360). With a population of 12,057, the suburb has an established demographic with a median age of 41. Households earn a median income of $62K per year, with an average household size of 2.3 people. The most common occupations are labourers, professionals, community & personal service. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Inverell is $436,000, having risen modestly 1.4% over the past year. Units have a median price of $329,000 (+7.3% YoY). The current median weekly rent is $400. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,250.
Inverell is served by 5 schools, including 2 primary, 2 secondary, 1 combined. The average ICSEA score is 916, which is below the national average of 1,000. Public transport access includes 2 rail stations, 89 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Inverell offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($436K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.1x is considered moderate. House prices have moved +1.4% year-on-year.