Peelwood is a sparsely populated locality in New South Wales within the Upper Lachlan Shire local government area (postcode 2583). It is home to about 45 residents, with a predominantly older resident base and a median age of 61. Households earn a median income of $40K per year, with an average household size of 2 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, machinery operators & drivers, community & personal service. Employment in the area leans toward agriculture and construction. The top ancestries reported are English, Australian, Irish.
Median house prices in Peelwood sit at $60,000, little changed on a year ago. The current median weekly rent is $430. This gives a gross rental yield of approximately 37.3%. The median monthly mortgage repayment is $529.
Public transport access includes 3 bus stops. The crime rate in the Upper Lachlan Shire LGA is low at 1,619 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 37.3%, which reads as high yield. Property prices sit below the state median ($60K/$1.5M), which can point to relative value. The price-to-income ratio of 1.5x is considered affordable. House prices have moved +0.0% year-on-year.