Kungala is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 145, 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 2.4 people. The most common occupations are community & personal service, clerical & administrative, managers. The top ancestries reported are Australian, English, Scottish.
The median house price in Kungala is $660,000, having risen modestly 1.5% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,200.
Public transport access includes 1 rail station. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Kungala offers a gross rental yield of 3.8%, rated as moderate yield. Property prices sit below the state median ($660K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.6x is considered stretched. House prices have moved +1.5% year-on-year.
Kungala is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 145, 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 2.4 people. The most common occupations are community & personal service, clerical & administrative, managers. The top ancestries reported are Australian, English, Scottish.
The median house price in Kungala is $660,000, having risen modestly 1.5% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,200.
Public transport access includes 1 rail station. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Kungala offers a gross rental yield of 3.8%, rated as moderate yield. Property prices sit below the state median ($660K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.6x is considered stretched. House prices have moved +1.5% year-on-year.