Larras Lee is a quiet locality in New South Wales within the Cabonne local government area (postcode 2866). With a population of 57, the suburb has an established demographic with a median age of 40. Households earn a median income of $110K per year, with an average household size of 2.6 people. The most common occupations are managers, clerical & administrative, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Larras Lee is $3.2 million, having surged 3660.3% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 0.6%. The median monthly mortgage repayment is $1,650.
Public transport access includes 8 bus stops. The crime rate in the Cabonne LGA is low at 1,856 incidents per 100,000 population.
From an investment perspective, Larras Lee offers a gross rental yield of 0.6%, rated as low yield. Property prices are above the state median ($3.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 29.0x is considered stretched. House prices have moved +3660.3% year-on-year.
Larras Lee is a quiet locality in New South Wales within the Cabonne local government area (postcode 2866). With a population of 57, the suburb has an established demographic with a median age of 40. Households earn a median income of $110K per year, with an average household size of 2.6 people. The most common occupations are managers, clerical & administrative, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Larras Lee is $3.2 million, having surged 3660.3% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 0.6%. The median monthly mortgage repayment is $1,650.
Public transport access includes 8 bus stops. The crime rate in the Cabonne LGA is low at 1,856 incidents per 100,000 population.
From an investment perspective, Larras Lee offers a gross rental yield of 0.6%, rated as low yield. Property prices are above the state median ($3.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 29.0x is considered stretched. House prices have moved +3660.3% year-on-year.