Pooncarie is a quiet locality in New South Wales within the Wentworth local government area (postcode 2648). With a population of 226, the suburb has an established family demographic with a median age of 40. Households earn a median income of $54K per year, with an average household size of 2.4 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 managers, machinery operators & drivers, technicians & trades. Employment in the area leans toward agriculture and mining. The top ancestries reported are Australian, English, Scottish.
The median house price in Pooncarie is $138,000, having dipped slightly by 1.8% over the past year. The current median weekly rent is $180. This gives a gross rental yield of approximately 6.8%. The median monthly mortgage repayment is $2,000.
Pooncarie is served by 1 school, including 1 primary. The average ICSEA score is 937, which is below the national average of 1,000. Public transport access includes 1 bus stop. The crime rate in the Wentworth LGA is moderate at 5,905 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 6.8%, which reads as high yield. Property prices sit below the state median ($138K/$1.5M), which can point to relative value. The price-to-income ratio of 2.6x is considered affordable. House prices have moved -1.8% 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.