Khancoban (postcode 2642) is a small, quiet locality in New South Wales within the Snowy Valleys local government area. With a population of 319, the suburb has a mature demographic with a median age of 49. Households earn a median income of $62K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% 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, technicians & trades, labourers. Employment in the area leans toward utilities and accommodation & food. The top ancestries reported are English, Australian, Irish.
Median house prices in Khancoban stand at $347,000, having risen steeply by 44% over the last twelve months. The current median weekly rent is $420. This gives a gross rental yield of approximately 6.3%. The median monthly mortgage repayment is $1,003.
Khancoban is served by 1 school, including 1 primary. The average ICSEA score is 948, which is below the national average of 1,000. Public transport access includes 10 bus stops. The crime rate in the Snowy Valleys LGA is below average at 3,281 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 6.3%, which reads as high yield. Property prices sit below the state median ($347K/$1.5M), which can point to relative value. The price-to-income ratio of 5.6x is considered affordable. House prices have moved +44.0% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.