Located in New South Wales within the Clarence Valley local government area, Kungala is a small, quiet locality (postcode 2460). It is home to about 145 residents, with a settled, mature resident base and a median age of 49. Households earn a median income of $62K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% 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 community & personal service, clerical & administrative, managers. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are Australian, English, Scottish.
The median house price in Kungala is $440,000, having dropped significantly by 32.3% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 5.9%. 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 5,045 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 5.9% (high yield). Property prices sit below the state median ($440K/$1.5M), which can point to relative value. The price-to-income ratio of 7.1x is considered moderate. House prices have moved -32.3% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.