Located in New South Wales within the Lachlan local government area, Lake Cargelligo is a small locality (postcode 2672). The area has roughly 1,430 residents and an established family 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.0% 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, community & personal service, professionals. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Aboriginal Australian.
Lake Cargelligo has a median house price of $243,000, which has dropped significantly by 19.2% year-on-year. The current median weekly rent is $400. This gives a gross rental yield of approximately 8.6%. 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 6,296 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 8.6% (high yield). Property prices sit below the state median ($243K/$1.5M), which can point to relative value. The price-to-income ratio of 4.0x is considered affordable. House prices have moved -19.2% year-on-year. Population growth of +0.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.