Ruby Creek is a quiet locality in New South Wales within the Tenterfield local government area (postcode 4380). With a population of 65, the suburb has an older demographic with a median age of 58. Households earn a median income of $67K per year, with an average household size of 2.4 people. The most common occupations are labourers, clerical & administrative, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Ruby Creek is $705,000, having dropped significantly 22.1% over the past year. The median weekly rent is $340 (Census 2021). This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,142.
Public transport access includes 2 bus stops. The crime rate in the Tenterfield LGA is moderate at 5,154 incidents per 100,000 population.
From an investment perspective, Ruby Creek offers a gross rental yield of 2.5%, rated as low yield. Property prices sit below the state median ($705K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.5x is considered stretched. House prices have moved -22.1% year-on-year.
Ruby Creek is a quiet locality in New South Wales within the Tenterfield local government area (postcode 4380). With a population of 65, the suburb has an older demographic with a median age of 58. Households earn a median income of $67K per year, with an average household size of 2.4 people. The most common occupations are labourers, clerical & administrative, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Ruby Creek is $705,000, having dropped significantly 22.1% over the past year. The median weekly rent is $340 (Census 2021). This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,142.
Public transport access includes 2 bus stops. The crime rate in the Tenterfield LGA is moderate at 5,154 incidents per 100,000 population.
From an investment perspective, Ruby Creek offers a gross rental yield of 2.5%, rated as low yield. Property prices sit below the state median ($705K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.5x is considered stretched. House prices have moved -22.1% year-on-year.