Rushes Creek is a quiet locality in New South Wales within the Tamworth Regional local government area (postcode 2346). With a population of 98, the suburb has a mature demographic with a median age of 48. Households earn a median income of $67K per year, with an average household size of 2.3 people. The most common occupations are managers, technicians & trades, machinery operators & drivers. The top ancestries reported are Australian, English, Irish.
The median house price in Rushes Creek is $2.5 million, having dropped significantly 47.2% over the past year. The current median weekly rent is $375. This gives a gross rental yield of approximately 0.8%. The median monthly mortgage repayment is $2,039.
Public transport access includes 9 bus stops. The crime rate in the Tamworth Regional LGA is moderate at 6,745 incidents per 100,000 population.
From an investment perspective, Rushes Creek offers a gross rental yield of 0.8%, rated as low yield. Property prices are above the state median ($2.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 37.6x is considered stretched. House prices have moved -47.2% year-on-year.
Rushes Creek is a quiet locality in New South Wales within the Tamworth Regional local government area (postcode 2346). With a population of 98, the suburb has a mature demographic with a median age of 48. Households earn a median income of $67K per year, with an average household size of 2.3 people. The most common occupations are managers, technicians & trades, machinery operators & drivers. The top ancestries reported are Australian, English, Irish.
The median house price in Rushes Creek is $2.5 million, having dropped significantly 47.2% over the past year. The current median weekly rent is $375. This gives a gross rental yield of approximately 0.8%. The median monthly mortgage repayment is $2,039.
Public transport access includes 9 bus stops. The crime rate in the Tamworth Regional LGA is moderate at 6,745 incidents per 100,000 population.
From an investment perspective, Rushes Creek offers a gross rental yield of 0.8%, rated as low yield. Property prices are above the state median ($2.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 37.6x is considered stretched. House prices have moved -47.2% year-on-year.