Lue is a sparsely populated locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). With a population of 216, the suburb has an established family demographic with a median age of 43. Households earn a median income of $86K per year, with an average household size of 2.5 people. 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, technicians & trades, labourers. Employment in the area leans toward agriculture and construction. The top ancestries reported are English, Australian, Scottish.
Median house prices in Lue stand at $515,000, having declined steeply by 44.5% over the last twelve months. The current median weekly rent is $590. This gives a gross rental yield of approximately 6.0%. The median monthly mortgage repayment is $1,375.
Lue is served by 1 school, including 1 primary. The average ICSEA score is 886, which is well below the national average of 1,000. Public transport access includes 1 rail station, 8 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 6.0% (high yield). Property prices sit below the state median ($515K/$1.5M), which can point to relative value. The price-to-income ratio of 6.0x is considered moderate. House prices have moved -44.5% year-on-year.