Jacks Creek is a sparsely populated locality in New South Wales within the Narrabri local government area (postcode 2390). The area has roughly 180 residents and an older-leaning population, with a median age of 47. Households earn a median income of $64K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.4% 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, clerical & administrative. Employment in the area leans toward accommodation & food and education. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Jacks Creek is $315,000, having dropped significantly by 10% over the past year. The current median weekly rent is $430. This gives a gross rental yield of approximately 7.1%. The median monthly mortgage repayment is $1,413.
The crime rate in the Narrabri LGA is moderate at 5,724 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 7.1% (high yield). Property prices sit below the state median ($315K/$1.5M), which can point to relative value. The price-to-income ratio of 4.9x is considered affordable. House prices have moved -10.0% year-on-year. Population growth of -0.4% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.