Montefiores is a small locality in New South Wales within the Dubbo Regional local government area (postcode 2820). With a population of 630, the suburb has a settled mid-life population with a median age of 39. Households earn a median income of $85K per year, with an average household size of 2.6 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 technicians & trades, community & personal service, clerical & administrative. Employment in the area leans toward public admin & safety and education. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in Montefiores stand at $533,000, having surged by 14.6% over the last twelve months. The current median weekly rent is $430. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,517.
Public transport access includes 10 bus stops. The crime rate in the Dubbo Regional LGA is moderate at 6,970 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 4.2%, which reads as moderate yield. Property prices sit below the state median ($533K/$1.5M), which can point to relative value. The price-to-income ratio of 6.3x is considered moderate. House prices have moved +14.6% year-on-year.