Packsaddle is a quiet locality in New South Wales within the Unincorporated NSW local government area (postcode 2880). With a population of 73, the suburb has an established demographic with a median age of 38. Households earn a median income of $47K per year, with an average household size of 3.4 people. The most common occupations are managers, sales, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Packsaddle is $3.8 million, having dropped significantly 65.6% over the past year. The current median weekly rent is $310. This gives a gross rental yield of approximately 0.4%. The median monthly mortgage repayment is $2,874.
From an investment perspective, Packsaddle offers a gross rental yield of 0.4%, rated as low yield. Property prices are above the state median ($3.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 81.4x is considered stretched. House prices have moved -65.6% year-on-year.
Packsaddle is a quiet locality in New South Wales within the Unincorporated NSW local government area (postcode 2880). With a population of 73, the suburb has an established demographic with a median age of 38. Households earn a median income of $47K per year, with an average household size of 3.4 people. The most common occupations are managers, sales, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Packsaddle is $3.8 million, having dropped significantly 65.6% over the past year. The current median weekly rent is $310. This gives a gross rental yield of approximately 0.4%. The median monthly mortgage repayment is $2,874.
From an investment perspective, Packsaddle offers a gross rental yield of 0.4%, rated as low yield. Property prices are above the state median ($3.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 81.4x is considered stretched. House prices have moved -65.6% year-on-year.