Longreach (postcode 2540) is a quiet locality in New South Wales within the Shoalhaven local government area. It is home to about 72 residents, with an older-leaning population and a median age of 51. Households earn a median income of $111K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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, managers, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Median house prices in Longreach stand at $945,000, having grown strongly by 8.3% over the last twelve months. The current median weekly rent is $580. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $2,692.
Public transport access includes 1 bus stop. The crime rate in the Shoalhaven LGA is below average at 3,639 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.2% (moderate yield). Property prices sit below the state median ($945K/$1.5M), which can point to relative value. The price-to-income ratio of 8.6x is considered moderate. House prices have moved +8.3% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.