Jerangle is a sparsely populated locality in New South Wales within the Snowy Monaro Regional local government area (postcode 2630). The area has roughly 90 residents and a mature demographic, with a median age of 49. Households earn a median income of $94K per year, with an average household size of 2.4 people. 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, technicians & trades, professionals. Employment in the area leans toward agriculture and public admin & safety. The top ancestries reported are English, Australian, Irish.
Median house prices in Jerangle stand at $485,000, having fallen sharply by 32.6% over the last twelve months. The current median weekly rent is $465. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,993.
The crime rate in the Snowy Monaro Regional LGA is below average at 2,173 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 5.0%, which reads as moderate yield. Property prices sit below the state median ($485K/$1.5M), which can point to relative value. The price-to-income ratio of 5.1x is considered affordable. House prices have moved -32.6% year-on-year.