Located in New South Wales within the Murrumbidgee local government area, Jerilderie is a close-knit residential community (postcode 2716). It is home to about 922 residents, with a settled, mature resident base and a median age of 51. Households earn a median income of $61K 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, clerical & administrative, technicians & trades. Employment in the area leans toward agriculture and retail trade. The top ancestries reported are Australian, English, Irish.
The median house price in Jerilderie is $225,000, having fallen sharply by 9.3% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 11.6%. The median monthly mortgage repayment is $842.
Jerilderie is served by 2 schools, including 2 primary. The average ICSEA score is 982, which is around the national average of 1,000. Public transport access includes 19 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Murrumbidgee LGA is below average at 3,715 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 11.6%, which reads as high yield. Property prices sit below the state median ($225K/$1.5M), which can point to relative value. The price-to-income ratio of 3.7x is considered affordable. House prices have moved -9.3% year-on-year. Population growth of +0.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.