Nundle (postcode 2340) is a quiet locality in New South Wales within the Tamworth Regional local government area. It is home to about 482 residents, with a more retirement-aged population and a median age of 55. Households earn a median income of $40K per year, with an average household size of 2 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, labourers, community & personal service. Employment in the area leans toward agriculture and accommodation & food. The top ancestries reported are English, Australian, Irish.
Median house prices in Nundle stand at $408,000, having climbed sharply by 19% over the last twelve months. The current median weekly rent is $480. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $1,000.
Nundle is served by 1 school, including 1 primary. The average ICSEA score is 955, which is around the national average of 1,000. Public transport access includes 24 bus stops. The crime rate in the Tamworth Regional LGA is moderate at 6,891 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 6.1% (high yield). Property prices sit below the state median ($408K/$1.5M), which can point to relative value. The price-to-income ratio of 10.3x is considered stretched. House prices have moved +19.0% year-on-year.