Lower Creek is a quiet locality in New South Wales within the Armidale Regional local government area (postcode 2440). With a population of 66, the suburb has a mature demographic with a median age of 54. Households earn a median income of $40K per year, with an average household size of 2.6 people. The most common occupations are managers, clerical & administrative, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Lower Creek is $685,000, having surged 234.1% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $867.
The crime rate in the Armidale Regional LGA is moderate at 6,478 incidents per 100,000 population.
From an investment perspective, Lower Creek offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($685K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 17.3x is considered stretched. House prices have moved +234.1% year-on-year.
Lower Creek is a quiet locality in New South Wales within the Armidale Regional local government area (postcode 2440). With a population of 66, the suburb has a mature demographic with a median age of 54. Households earn a median income of $40K per year, with an average household size of 2.6 people. The most common occupations are managers, clerical & administrative, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Lower Creek is $685,000, having surged 234.1% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $867.
The crime rate in the Armidale Regional LGA is moderate at 6,478 incidents per 100,000 population.
From an investment perspective, Lower Creek offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($685K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 17.3x is considered stretched. House prices have moved +234.1% year-on-year.