Kangaroo Creek is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 102, the suburb has an older demographic with a median age of 56. Households earn a median income of $51K per year, with an average household size of 2.3 people. The most common occupations are managers, clerical & administrative, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Kangaroo Creek is $380,000, having dropped significantly 41.5% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 6.6%. The median monthly mortgage repayment is $1,040.
Public transport access includes 9 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Kangaroo Creek offers a gross rental yield of 6.6%, rated as high yield. Property prices sit below the state median ($380K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.5x is considered moderate. House prices have moved -41.5% year-on-year.
Kangaroo Creek is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 102, the suburb has an older demographic with a median age of 56. Households earn a median income of $51K per year, with an average household size of 2.3 people. The most common occupations are managers, clerical & administrative, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Kangaroo Creek is $380,000, having dropped significantly 41.5% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 6.6%. The median monthly mortgage repayment is $1,040.
Public transport access includes 9 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Kangaroo Creek offers a gross rental yield of 6.6%, rated as high yield. Property prices sit below the state median ($380K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.5x is considered moderate. House prices have moved -41.5% year-on-year.