Old Grevillia is a quiet locality in New South Wales within the Kyogle local government area (postcode 2474). With a population of 53, the suburb has a mature demographic with a median age of 51. Households earn a median income of $43K per year, with an average household size of 2.1 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Old Grevillia is $303,000, having dropped significantly 71.7% over the past year. The current median weekly rent is $925. This gives a gross rental yield of approximately 15.9%. The median monthly mortgage repayment is $1,200.
Public transport access includes 3 bus stops. The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, Old Grevillia offers a gross rental yield of 15.9%, rated as high yield. Property prices sit below the state median ($303K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.0x is considered moderate. House prices have moved -71.7% year-on-year.
Old Grevillia is a quiet locality in New South Wales within the Kyogle local government area (postcode 2474). With a population of 53, the suburb has a mature demographic with a median age of 51. Households earn a median income of $43K per year, with an average household size of 2.1 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Old Grevillia is $303,000, having dropped significantly 71.7% over the past year. The current median weekly rent is $925. This gives a gross rental yield of approximately 15.9%. The median monthly mortgage repayment is $1,200.
Public transport access includes 3 bus stops. The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, Old Grevillia offers a gross rental yield of 15.9%, rated as high yield. Property prices sit below the state median ($303K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.0x is considered moderate. House prices have moved -71.7% year-on-year.