Old Adaminaby (postcode 2629) is a small, quiet locality in New South Wales within the Snowy Monaro Regional local government area. With a population of 42, the suburb has a more retirement-aged population with a median age of 61. Households earn a median income of $110K per year, with an average household size of 1.8 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 construction and accommodation & food. The top ancestries reported are English, Australian, Irish.
The median house price in Old Adaminaby is $483,000, having climbed sharply by 27% over the past year. The current median weekly rent is $1200. This gives a gross rental yield of approximately 12.9%.
Public transport access includes 2 bus stops. The crime rate in the Snowy Monaro Regional LGA is below average at 2,173 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 12.9%, which reads as high yield. Property prices sit below the state median ($483K/$1.5M), which can point to relative value. The price-to-income ratio of 4.4x is considered affordable. House prices have moved +27.0% year-on-year.