Located in New South Wales within the Coffs Harbour local government area, Lowanna is a small, quiet locality (postcode 2450). The area has roughly 359 residents and a mature demographic, with a median age of 51. Households earn a median income of $43K per year, with an average household size of 2.1 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 labourers, community & personal service, professionals. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Lowanna stand at $420,000, having moved higher by 5% over the last twelve months. The current median weekly rent is $600. This gives a gross rental yield of approximately 7.4%. The median monthly mortgage repayment is $1,000.
Lowanna is served by 1 school, including 1 primary. The average ICSEA score is 793, which is well below the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Coffs Harbour LGA is moderate at 5,038 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 7.4% (high yield). Property prices sit below the state median ($420K/$1.5M), which can point to relative value. The price-to-income ratio of 9.8x is considered moderate. House prices have moved +5.0% 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.