Koraleigh (postcode 2735) is a sparsely populated locality in New South Wales within the Murray River local government area. The area has roughly 291 residents and a settled, mature resident base, with a median age of 45. Households earn a median income of $57K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.6% 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, labourers, technicians & trades. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in Koraleigh stand at $315,000, having fallen by 6.7% over the last twelve months. The median weekly rent is $225 (Census 2021). This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $758.
Public transport access includes 12 bus stops. The crime rate in the Murray River LGA is below average at 3,467 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 3.7%, which reads as moderate yield. Property prices sit below the state median ($315K/$1.5M), which can point to relative value. The price-to-income ratio of 5.5x is considered affordable. House prices have moved -6.7% year-on-year. Population growth of +2.6% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.