New Valley is a quiet locality in New South Wales within the Armidale Regional local government area (postcode 2365). With a population of 32, the suburb has a mature demographic with a median age of 51. Households earn a median income of $38K per year, with an average household size of 1.8 people. The most common occupations are managers, professionals. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in New Valley is $850,000, having dropped significantly 26.1% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,584.
Public transport access includes 2 bus stops. The crime rate in the Armidale Regional LGA is moderate at 6,478 incidents per 100,000 population.
From an investment perspective, New Valley offers a gross rental yield of 2.8%, rated as low yield. Property prices sit below the state median ($850K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 22.5x is considered stretched. House prices have moved -26.1% year-on-year.
New Valley is a quiet locality in New South Wales within the Armidale Regional local government area (postcode 2365). With a population of 32, the suburb has a mature demographic with a median age of 51. Households earn a median income of $38K per year, with an average household size of 1.8 people. The most common occupations are managers, professionals. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in New Valley is $850,000, having dropped significantly 26.1% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,584.
Public transport access includes 2 bus stops. The crime rate in the Armidale Regional LGA is moderate at 6,478 incidents per 100,000 population.
From an investment perspective, New Valley offers a gross rental yield of 2.8%, rated as low yield. Property prices sit below the state median ($850K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 22.5x is considered stretched. House prices have moved -26.1% year-on-year.