Lake Cargelligo is a small community in New South Wales within the Lachlan local government area (postcode 2672). With a population of 1,430, the suburb has an established demographic with a median age of 40. Households earn a median income of $60K per year, with an average household size of 2.4 people. The most common occupations are managers, community & personal service, professionals. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Lake Cargelligo is $175,000, having dropped significantly 30% over the past year. The current median weekly rent is $330. This gives a gross rental yield of approximately 9.8%. The median monthly mortgage repayment is $867.
Lake Cargelligo is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 884, which is well below the national average of 1,000. Public transport access includes 37 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Lachlan LGA is moderate at 6,331 incidents per 100,000 population.
From an investment perspective, Lake Cargelligo offers a gross rental yield of 9.8%, rated as high yield. Property prices sit below the state median ($175K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.9x is considered affordable. House prices have moved -30.0% year-on-year.
Lake Cargelligo is a small community in New South Wales within the Lachlan local government area (postcode 2672). With a population of 1,430, the suburb has an established demographic with a median age of 40. Households earn a median income of $60K per year, with an average household size of 2.4 people. The most common occupations are managers, community & personal service, professionals. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Lake Cargelligo is $175,000, having dropped significantly 30% over the past year. The current median weekly rent is $330. This gives a gross rental yield of approximately 9.8%. The median monthly mortgage repayment is $867.
Lake Cargelligo is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 884, which is well below the national average of 1,000. Public transport access includes 37 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Lachlan LGA is moderate at 6,331 incidents per 100,000 population.
From an investment perspective, Lake Cargelligo offers a gross rental yield of 9.8%, rated as high yield. Property prices sit below the state median ($175K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.9x is considered affordable. House prices have moved -30.0% year-on-year.