Lawrence (postcode 2460) is a small locality in New South Wales within the Clarence Valley local government area. It is home to about 1,159 residents, with an older-leaning population and a median age of 54. Households earn a median income of $57K 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 +1.2% 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 professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Scottish.
Lawrence has a median house price of $575,000, which has declined by 7.6% year-on-year. The current median weekly rent is $500. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,333.
Lawrence is served by 1 school, including 1 primary. The average ICSEA score is 947, which is below the national average of 1,000. Public transport access includes 50 bus stops. The crime rate in the Clarence Valley LGA is moderate at 5,045 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 4.5% (moderate yield). Property prices sit below the state median ($575K/$1.5M), which can point to relative value. The price-to-income ratio of 10.0x is considered stretched. House prices have moved -7.6% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.