Located in New South Wales within the Mid-Coast local government area, Koorainghat is a quiet locality (postcode 2430). The area has roughly 176 residents and a settled, mature resident base, with a median age of 54. Households earn a median income of $72K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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, professionals, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Irish.
Median house prices in Koorainghat stand at $990,000, having declined steeply by 21% over the last twelve months. The current median weekly rent is $530. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,733.
Public transport access includes 5 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.8%, which reads as low yield. Property prices sit below the state median ($990K/$1.5M), which can point to relative value. The price-to-income ratio of 13.8x is considered stretched. House prices have moved -21.0% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.