Located in New South Wales within the Mid-Western Regional local government area, Kandos is a small locality (postcode 2848). The area has roughly 1,263 residents and a mature demographic, with a median age of 54. Households earn a median income of $35K per year, with an average household size of 1.8 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 technicians & trades, machinery operators & drivers, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Irish.
Kandos has a median house price of $385,000, which has edged higher by 0.7% year-on-year. The current median weekly rent is $320. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $867.
Kandos is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 870, which is well below the national average of 1,000. Public transport access includes 34 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 4.3%, which reads as moderate yield. Property prices sit below the state median ($385K/$1.5M), which can point to relative value. The price-to-income ratio of 10.9x is considered stretched. House prices have moved +0.7% year-on-year.