Majors Creek (postcode 2622) is a sparsely populated locality in New South Wales within the Queanbeyan-Palerang Regional local government area. The area has roughly 290 residents and an older-leaning population, with a median age of 47. Households earn a median income of $69K per year, with an average household size of 2.4 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 labourers, professionals, technicians & trades. Employment in the area leans toward construction and admin services. The top ancestries reported are Australian, English, Scottish.
Median house prices in Majors Creek stand at $640,000, having moved lower by 4% over the last twelve months. The current median weekly rent is $470. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,430.
Public transport access includes 18 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,677 incidents per 100,000 population.
On the investment side, Majors Creek shows a gross rental yield of approximately 3.8%, rated as moderate yield. Property prices sit below the state median ($640K/$1.5M), which can point to relative value. The price-to-income ratio of 9.3x is considered moderate. House prices have moved -4.0% year-on-year.