North Dorrigo (postcode 2453) is a small, quiet locality in New South Wales within the Bellingen local government area. With a population of 186, the suburb has an older demographic with a median age of 58. Households earn a median income of $49K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.3% 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, machinery operators & drivers, professionals. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Scottish.
North Dorrigo has a median house price of $840,000, which has fallen sharply by 13.8% year-on-year. The current median weekly rent is $450. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,192.
Public transport access includes 13 bus stops. The crime rate in the Bellingen LGA is below average at 3,605 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.8% (low yield). Property prices sit below the state median ($840K/$1.5M), which can point to relative value. The price-to-income ratio of 17.3x is considered stretched. House prices have moved -13.8% year-on-year. Population growth of +0.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.