Lochiel (postcode 2549) is a small, quiet locality in New South Wales within the Bega Valley local government area. The area has roughly 411 residents and a settled mid-life population, with a median age of 44. Households earn a median income of $82K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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 technicians & trades, professionals, managers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Scottish.
Median house prices in Lochiel stand at $1.1 million, having grown strongly by 7.1% over the last twelve months. The current median weekly rent is $516. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,625.
Public transport access includes 17 bus stops. The crime rate in the Bega Valley LGA is below average at 2,313 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.4%, which reads as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 13.6x is considered stretched. House prices have moved +7.1% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.