Quambone (postcode 2831) is a sparsely populated locality in New South Wales within the Coonamble local government area. The area has roughly 128 residents and an established demographic, with a median age of 44. Households earn a median income of $57K 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 +0.3% 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, labourers, clerical & administrative. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in Quambone stand at $120,000, having jumped by 37.9% over the last twelve months. The median weekly rent is $80 (Census 2021). This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $764.
Quambone is served by 1 school, including 1 primary. The average ICSEA score is 826, which is well below the national average of 1,000. Public transport access includes 5 bus stops. The crime rate in the Coonamble LGA is higher than average at 8,806 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.5% (moderate yield). Property prices sit below the state median ($120K/$1.5M), which can point to relative value. The price-to-income ratio of 2.1x is considered affordable. House prices have moved +37.9% year-on-year. Population growth of +0.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.