New Park is a quiet locality in New South Wales within the Kyogle local government area (postcode 2474). With a population of 142, the suburb has a mature demographic with a median age of 52. Households earn a median income of $53K per year, with an average household size of 2.2 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in New Park is $935,000, having surged 24.7% over the past year. The current median weekly rent is $925. This gives a gross rental yield of approximately 5.1%. The median monthly mortgage repayment is $1,106.
Public transport access includes 4 bus stops. The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, New Park offers a gross rental yield of 5.1%, rated as high yield. Property prices sit below the state median ($935K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 17.6x is considered stretched. House prices have moved +24.7% year-on-year.
New Park is a quiet locality in New South Wales within the Kyogle local government area (postcode 2474). With a population of 142, the suburb has a mature demographic with a median age of 52. Households earn a median income of $53K per year, with an average household size of 2.2 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in New Park is $935,000, having surged 24.7% over the past year. The current median weekly rent is $925. This gives a gross rental yield of approximately 5.1%. The median monthly mortgage repayment is $1,106.
Public transport access includes 4 bus stops. The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, New Park offers a gross rental yield of 5.1%, rated as high yield. Property prices sit below the state median ($935K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 17.6x is considered stretched. House prices have moved +24.7% year-on-year.