Old Grevillia is a sparsely populated locality in New South Wales within the Kyogle local government area (postcode 2474). It is home to about 53 residents, with a mature demographic and a median age of 51. Households earn a median income of $43K 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 +0.8% 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 technicians & trades, community & personal service, professionals. Employment in the area leans toward wholesale trade and construction. The top ancestries reported are Australian, English, Scottish.
Old Grevillia has a median house price of $229,000, which has fallen sharply by 27.4% year-on-year. The current median weekly rent is $500. This gives a gross rental yield of approximately 11.4%. 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 2,334 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 11.4% (high yield). Property prices sit below the state median ($229K/$1.5M), which can point to relative value. The price-to-income ratio of 5.3x is considered affordable. House prices have moved -27.4% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.