Legume is a quiet locality in New South Wales within the Tenterfield local government area (postcode 2476). With a population of 168, the suburb has a mature demographic with a median age of 49. Households earn a median income of $41K per year, with an average household size of 2.2 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Legume is $148,000, having dropped significantly 72.2% over the past year. The current median weekly rent is $200. This gives a gross rental yield of approximately 7.1%. The median monthly mortgage repayment is $1,083.
Public transport access includes 7 bus stops. The crime rate in the Tenterfield LGA is moderate at 5,154 incidents per 100,000 population.
From an investment perspective, Legume offers a gross rental yield of 7.1%, rated as high yield. Property prices sit below the state median ($148K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.6x is considered affordable. House prices have moved -72.2% year-on-year.
Legume is a quiet locality in New South Wales within the Tenterfield local government area (postcode 2476). With a population of 168, the suburb has a mature demographic with a median age of 49. Households earn a median income of $41K per year, with an average household size of 2.2 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Legume is $148,000, having dropped significantly 72.2% over the past year. The current median weekly rent is $200. This gives a gross rental yield of approximately 7.1%. The median monthly mortgage repayment is $1,083.
Public transport access includes 7 bus stops. The crime rate in the Tenterfield LGA is moderate at 5,154 incidents per 100,000 population.
From an investment perspective, Legume offers a gross rental yield of 7.1%, rated as high yield. Property prices sit below the state median ($148K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.6x is considered affordable. House prices have moved -72.2% year-on-year.