Ivanhoe (postcode 2878) is a small, quiet locality in New South Wales within the Central Darling local government area. The area has roughly 261 residents and an established family demographic, with a median age of 42. Households earn a median income of $74K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.2% 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, labourers, professionals. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Aboriginal Australian.
Ivanhoe has a median house price of $63,000, which has declined steeply by 16% year-on-year. The median weekly rent is $150 (Census 2021). This gives a gross rental yield of approximately 12.4%. The median monthly mortgage repayment is $100.
Ivanhoe is served by 1 school, including 1 combined. The average ICSEA score is 747, which is well below the national average of 1,000. Public transport access includes 2 rail stations. Healthcare facilities include 1 public hospital. The crime rate in the Central Darling LGA is low at 0 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 12.4% (high yield). Property prices sit below the state median ($63K/$1.5M), which can point to relative value. The price-to-income ratio of 0.9x is considered affordable. House prices have moved -16.0% year-on-year. Population growth of -0.2% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.