Iron Pot Creek is a quiet locality in New South Wales within the Kyogle local government area (postcode 2474). With a population of 23, the suburb has an established demographic with a median age of 39. Households earn a median income of $71K per year, with an average household size of 3 people. The most common occupations are community & personal service, labourers. The top ancestries reported are Australian, English, Vietnamese.
The median house price in Iron Pot Creek is $575,000, having dropped significantly 52.1% over the past year. The current median weekly rent is $925. This gives a gross rental yield of approximately 8.4%. The median monthly mortgage repayment is $1,409.
Public transport access includes 2 bus stops. The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, Iron Pot Creek offers a gross rental yield of 8.4%, rated as high yield. Property prices sit below the state median ($575K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.0x is considered moderate. House prices have moved -52.1% year-on-year.
Iron Pot Creek is a quiet locality in New South Wales within the Kyogle local government area (postcode 2474). With a population of 23, the suburb has an established demographic with a median age of 39. Households earn a median income of $71K per year, with an average household size of 3 people. The most common occupations are community & personal service, labourers. The top ancestries reported are Australian, English, Vietnamese.
The median house price in Iron Pot Creek is $575,000, having dropped significantly 52.1% over the past year. The current median weekly rent is $925. This gives a gross rental yield of approximately 8.4%. The median monthly mortgage repayment is $1,409.
Public transport access includes 2 bus stops. The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, Iron Pot Creek offers a gross rental yield of 8.4%, rated as high yield. Property prices sit below the state median ($575K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.0x is considered moderate. House prices have moved -52.1% year-on-year.