Sapphire is a quiet locality in New South Wales within the Inverell local government area (postcode 2360). With a population of 32, the suburb has a mature demographic with a median age of 47. Households earn a median income of $72K per year, with an average household size of 2.8 people. The most common occupations are managers, technicians & trades, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Sapphire is $340,000, having dropped significantly 9.9% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $6,500.
Public transport access includes 2 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Sapphire offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($340K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.8x is considered affordable. House prices have moved -9.9% year-on-year.
Sapphire is a quiet locality in New South Wales within the Inverell local government area (postcode 2360). With a population of 32, the suburb has a mature demographic with a median age of 47. Households earn a median income of $72K per year, with an average household size of 2.8 people. The most common occupations are managers, technicians & trades, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Sapphire is $340,000, having dropped significantly 9.9% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $6,500.
Public transport access includes 2 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Sapphire offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($340K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.8x is considered affordable. House prices have moved -9.9% year-on-year.