Located in New South Wales within the Cabonne local government area, Larras Lee is a quiet locality (postcode 2866). With a population of 57, the suburb has an established family 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. 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, clerical & administrative, labourers. Employment in the area leans toward agriculture and professional services. The top ancestries reported are English, Australian, Scottish.
Median house prices in Larras Lee sit at $4.1 million, little changed on a year ago. The current median weekly rent is $468. 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 1,859 incidents per 100,000 population.
On the investment side, Larras Lee shows a gross rental yield of approximately 0.6%, rated as low yield. Property prices are above the state median ($4.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 37.3x is considered stretched. House prices have moved +0.0% 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.