Located in New South Wales within the Wentworth local government area, Pomona is a quiet locality (postcode 2648). It is home to about 167 residents, with a settled, mature resident base and a median age of 50. Households earn a median income of $72K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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 labourers, technicians & trades, managers. Employment in the area leans toward agriculture and construction. The top ancestries reported are English, Australian, Scottish.
Pomona has a median house price of $165,000, which has fallen sharply by 31.6% year-on-year. The current median weekly rent is $180. This gives a gross rental yield of approximately 5.7%. The median monthly mortgage repayment is $900.
Pomona is served by 1 school, including 1 primary. The average ICSEA score is 929, which is below the national average of 1,000. Public transport access includes 2 bus stops. The crime rate in the Wentworth LGA is moderate at 5,905 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 5.7%, which reads as high yield. Property prices sit below the state median ($165K/$1.5M), which can point to relative value. The price-to-income ratio of 2.3x is considered affordable. House prices have moved -31.6% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.