Possum Creek is a quiet locality in New South Wales within the Byron local government area (postcode 2479). With a population of 277, the suburb has a mature demographic with a median age of 45. Households earn a median income of $86K per year, with an average household size of 2.5 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Possum Creek is $3.8 million, having dipped slightly 1.6% over the past year. The current median weekly rent is $900. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $2,167.
Public transport access includes 11 bus stops. The crime rate in the Byron LGA is moderate at 4,153 incidents per 100,000 population.
From an investment perspective, Possum Creek offers a gross rental yield of 1.2%, 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 44.3x is considered stretched. House prices have moved -1.6% year-on-year.
Possum Creek is a quiet locality in New South Wales within the Byron local government area (postcode 2479). With a population of 277, the suburb has a mature demographic with a median age of 45. Households earn a median income of $86K per year, with an average household size of 2.5 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Possum Creek is $3.8 million, having dipped slightly 1.6% over the past year. The current median weekly rent is $900. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $2,167.
Public transport access includes 11 bus stops. The crime rate in the Byron LGA is moderate at 4,153 incidents per 100,000 population.
From an investment perspective, Possum Creek offers a gross rental yield of 1.2%, 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 44.3x is considered stretched. House prices have moved -1.6% year-on-year.