Majors Creek is a quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2622). With a population of 290, the suburb has a mature demographic with a median age of 47. Households earn a median income of $69K per year, with an average household size of 2.4 people. The most common occupations are labourers, professionals, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Majors Creek is $388,000, having dropped significantly 8.8% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 7.0%. 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 2,796 incidents per 100,000 population.
From an investment perspective, Majors Creek offers a gross rental yield of 7.0%, rated as high yield. Property prices sit below the state median ($388K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.6x is considered affordable. House prices have moved -8.8% year-on-year.
Majors Creek is a quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2622). With a population of 290, the suburb has a mature demographic with a median age of 47. Households earn a median income of $69K per year, with an average household size of 2.4 people. The most common occupations are labourers, professionals, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Majors Creek is $388,000, having dropped significantly 8.8% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 7.0%. 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 2,796 incidents per 100,000 population.
From an investment perspective, Majors Creek offers a gross rental yield of 7.0%, rated as high yield. Property prices sit below the state median ($388K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.6x is considered affordable. House prices have moved -8.8% year-on-year.