Reddestone is a quiet locality in New South Wales within the Glen Innes Severn local government area (postcode 2370). With a population of 59, the suburb has an older demographic with a median age of 59. Households earn a median income of $55K per year, with an average household size of 1.9 people. The most common occupations are managers, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Reddestone is $430,000, having dropped significantly 53.5% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,083.
Public transport access includes 2 bus stops. The crime rate in the Glen Innes Severn LGA is moderate at 4,723 incidents per 100,000 population.
From an investment perspective, Reddestone offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($430K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.8x is considered moderate. House prices have moved -53.5% year-on-year.
Reddestone is a quiet locality in New South Wales within the Glen Innes Severn local government area (postcode 2370). With a population of 59, the suburb has an older demographic with a median age of 59. Households earn a median income of $55K per year, with an average household size of 1.9 people. The most common occupations are managers, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Reddestone is $430,000, having dropped significantly 53.5% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,083.
Public transport access includes 2 bus stops. The crime rate in the Glen Innes Severn LGA is moderate at 4,723 incidents per 100,000 population.
From an investment perspective, Reddestone offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($430K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.8x is considered moderate. House prices have moved -53.5% year-on-year.