Red Rock is a quiet locality in New South Wales within the Coffs Harbour local government area (postcode 2456). With a population of 412, the suburb has an older demographic with a median age of 55. Households earn a median income of $60K per year, with an average household size of 2.2 people. The most common occupations are professionals, technicians & trades, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Red Rock is $990,000, having surged 20% over the past year. The current median weekly rent is $680. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,517.
Public transport access includes 15 bus stops. The crime rate in the Coffs Harbour LGA is moderate at 4,991 incidents per 100,000 population.
From an investment perspective, Red Rock offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($990K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 16.6x is considered stretched. House prices have moved +20.0% year-on-year.
Red Rock is a quiet locality in New South Wales within the Coffs Harbour local government area (postcode 2456). With a population of 412, the suburb has an older demographic with a median age of 55. Households earn a median income of $60K per year, with an average household size of 2.2 people. The most common occupations are professionals, technicians & trades, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Red Rock is $990,000, having surged 20% over the past year. The current median weekly rent is $680. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,517.
Public transport access includes 15 bus stops. The crime rate in the Coffs Harbour LGA is moderate at 4,991 incidents per 100,000 population.
From an investment perspective, Red Rock offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($990K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 16.6x is considered stretched. House prices have moved +20.0% year-on-year.