Laurel Hill (postcode 2649) is a small, quiet locality in New South Wales within the Snowy Valleys local government area. The area has roughly 21 residents and a settled mid-life population, with a median age of 41. Households earn a median income of $53K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% 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 top ancestries reported are Australian, English, Irish.
The median house price in Laurel Hill is $155,000, having declined steeply by 18.4% over the past year. The median monthly mortgage repayment is $934.
Public transport access includes 1 bus stop. The crime rate in the Snowy Valleys LGA is below average at 3,281 incidents per 100,000 population.
On the investment side, Property prices sit below the state median ($155K/$1.5M), which can point to relative value. The price-to-income ratio of 2.9x is considered affordable. House prices have moved -18.4% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.