McLeods Shoot is a sparsely populated locality in New South Wales within the Byron local government area (postcode 2479). It is home to about 113 residents, with an established family demographic and a median age of 39. Households earn a median income of $114K per year, with an average household size of 2.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% 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, professionals, community & personal service. Employment in the area leans toward accommodation & food and education. The top ancestries reported are English, Australian, Irish.
The median house price in McLeods Shoot is $920,000, having declined steeply by 38.7% over the past year. The current median weekly rent is $1075. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $4,000.
Public transport access includes 3 bus stops. The crime rate in the Byron LGA is moderate at 4,232 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 6.1%, which reads as high yield. Property prices sit below the state median ($920K/$1.5M), which can point to relative value. The price-to-income ratio of 8.0x is considered moderate. House prices have moved -38.7% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.