Mount Fairy (postcode 2580) is a quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area. It is home to about 244 residents, with a mature demographic and a median age of 46. Households earn a median income of $121K 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 managers, technicians & trades, clerical & administrative. Employment in the area leans toward public admin & safety and construction. The top ancestries reported are English, Australian, Irish.
The median house price in Mount Fairy is $1.1 million, having surged by 22.4% over the past year. The current median weekly rent is $520. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,167.
Public transport access includes 7 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,677 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.4%, which reads as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 9.3x is considered moderate. House prices have moved +22.4% year-on-year.