Ramornie is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). The area has roughly 186 residents and a settled, mature resident base, with a median age of 50. Households earn a median income of $53K 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 +1.2% 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 professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are Australian, English, Scottish.
Median house prices in Ramornie stand at $745,000, having risen solidly by 9.6% over the last twelve months. The current median weekly rent is $500. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,285.
Public transport access includes 1 rail station, 2 bus stops. The crime rate in the Clarence Valley LGA is moderate at 5,045 incidents per 100,000 population.
From an investment perspective, Ramornie shows a gross rental yield of approximately 3.5%, rated as moderate yield. Property prices sit below the state median ($745K/$1.5M), which can point to relative value. The price-to-income ratio of 13.9x is considered stretched. House prices have moved +9.6% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.