Kangaroo Creek (postcode 2460) is a sparsely populated locality in New South Wales within the Clarence Valley local government area. It is home to about 102 residents, with an older demographic and a median age of 56. Households earn a median income of $51K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% 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, professionals. Employment in the area leans toward agriculture and retail trade. The top ancestries reported are English, Australian, Irish.
Kangaroo Creek has a median house price of $645,000, which has surged by 21% year-on-year. The current median weekly rent is $500. This gives a gross rental yield of approximately 4.0%. 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 5,045 incidents per 100,000 population.
Looking at the investment signals, Kangaroo Creek shows a gross rental yield of approximately 4.0%, rated as moderate yield. Property prices sit below the state median ($645K/$1.5M), which can point to relative value. The price-to-income ratio of 12.7x is considered stretched. House prices have moved +21.0% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.