Kanimbla (postcode 2790) is a sparsely populated locality in New South Wales within the Lithgow local government area. The area has roughly 184 residents and a settled, mature resident base, with a median age of 54. Households earn a median income of $85K 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 -0.5% 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 professionals, managers, technicians & trades. Employment in the area leans toward agriculture and professional services. The top ancestries reported are English, Australian, Irish.
The median house price in Kanimbla is $1.2 million, having dropped significantly by 15.9% over the past year. The current median weekly rent is $440. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,400.
Public transport access includes 1 bus stop. The crime rate in the Lithgow LGA is moderate at 4,772 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.0% (low yield). Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 13.7x is considered stretched. House prices have moved -15.9% year-on-year. Population growth of -0.5% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.