Lower Southgate is a sparsely populated locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 112, the suburb has an older-leaning population with a median age of 52. Households earn a median income of $75K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% 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 managers, machinery operators & drivers, professionals. Employment in the area leans toward agriculture and public admin & safety. The top ancestries reported are Australian, English, Scottish.
Median house prices in Lower Southgate stand at $433,000, having dropped significantly by 9.9% over the last twelve months. The current median weekly rent is $500. This gives a gross rental yield of approximately 6.0%. 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 5,045 incidents per 100,000 population.
On the investment side, Lower Southgate shows a gross rental yield of approximately 6.0%, rated as high yield. Property prices sit below the state median ($433K/$1.5M), which can point to relative value. The price-to-income ratio of 5.8x is considered affordable. House prices have moved -9.9% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.