Ootha is a quiet locality in New South Wales within the Forbes local government area (postcode 2875). With a population of 44, the suburb has a mature demographic with a median age of 50. Households earn a median income of $61K per year, with an average household size of 2.3 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Ootha is $1.4 million, having surged 167% over the past year. The current median weekly rent is $260. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $600.
Public transport access includes 5 bus stops. The crime rate in the Forbes LGA is moderate at 6,918 incidents per 100,000 population.
From an investment perspective, Ootha offers a gross rental yield of 1.0%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 22.7x is considered stretched. House prices have moved +167.0% year-on-year.
Ootha is a quiet locality in New South Wales within the Forbes local government area (postcode 2875). With a population of 44, the suburb has a mature demographic with a median age of 50. Households earn a median income of $61K per year, with an average household size of 2.3 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Ootha is $1.4 million, having surged 167% over the past year. The current median weekly rent is $260. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $600.
Public transport access includes 5 bus stops. The crime rate in the Forbes LGA is moderate at 6,918 incidents per 100,000 population.
From an investment perspective, Ootha offers a gross rental yield of 1.0%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 22.7x is considered stretched. House prices have moved +167.0% year-on-year.