Rankins Springs is a quiet locality in New South Wales within the Carrathool local government area (postcode 2669). With a population of 208, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $66K per year, with an average household size of 2.5 people. The most common occupations are managers, labourers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Rankins Springs is $125,000, having increased 4.2% over the past year. The current median weekly rent is $150. This gives a gross rental yield of approximately 6.2%. The median monthly mortgage repayment is $570.
Rankins Springs is served by 1 school, including 1 primary. The average ICSEA score is 988, which is around the national average of 1,000. Public transport access includes 12 bus stops. The crime rate in the Carrathool LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Rankins Springs offers a gross rental yield of 6.2%, rated as high yield. Property prices sit below the state median ($125K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.9x is considered affordable. House prices have moved +4.2% year-on-year.
Rankins Springs is a quiet locality in New South Wales within the Carrathool local government area (postcode 2669). With a population of 208, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $66K per year, with an average household size of 2.5 people. The most common occupations are managers, labourers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Rankins Springs is $125,000, having increased 4.2% over the past year. The current median weekly rent is $150. This gives a gross rental yield of approximately 6.2%. The median monthly mortgage repayment is $570.
Rankins Springs is served by 1 school, including 1 primary. The average ICSEA score is 988, which is around the national average of 1,000. Public transport access includes 12 bus stops. The crime rate in the Carrathool LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Rankins Springs offers a gross rental yield of 6.2%, rated as high yield. Property prices sit below the state median ($125K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.9x is considered affordable. House prices have moved +4.2% year-on-year.