Lower Southgate is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 112, the suburb has a mature demographic with a median age of 52. Households earn a median income of $75K per year, with an average household size of 2.3 people. The most common occupations are managers, machinery operators & drivers, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Lower Southgate is $2.6 million, having surged 200% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $1,733.
Public transport access includes 17 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Lower Southgate offers a gross rental yield of 1.0%, rated as low yield. Property prices are above the state median ($2.6M/$1.5M), placing it in the premium segment. The price-to-income ratio of 35.1x is considered stretched. House prices have moved +200.0% year-on-year.
Lower Southgate is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 112, the suburb has a mature demographic with a median age of 52. Households earn a median income of $75K per year, with an average household size of 2.3 people. The most common occupations are managers, machinery operators & drivers, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Lower Southgate is $2.6 million, having surged 200% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $1,733.
Public transport access includes 17 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Lower Southgate offers a gross rental yield of 1.0%, rated as low yield. Property prices are above the state median ($2.6M/$1.5M), placing it in the premium segment. The price-to-income ratio of 35.1x is considered stretched. House prices have moved +200.0% year-on-year.