Shannon Vale is a quiet locality in New South Wales within the Glen Innes Severn local government area (postcode 2370). With a population of 143, the suburb has a mature demographic with a median age of 45. Households earn a median income of $76K per year, with an average household size of 2.5 people. The most common occupations are managers, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Shannon Vale is $700,000, having dropped significantly 30% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,278.
Public transport access includes 1 rail station, 21 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, Shannon Vale offers a gross rental yield of 2.8%, rated as low yield. Property prices sit below the state median ($700K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.2x is considered moderate. House prices have moved -30.0% year-on-year.
Shannon Vale is a quiet locality in New South Wales within the Glen Innes Severn local government area (postcode 2370). With a population of 143, the suburb has a mature demographic with a median age of 45. Households earn a median income of $76K per year, with an average household size of 2.5 people. The most common occupations are managers, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Shannon Vale is $700,000, having dropped significantly 30% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,278.
Public transport access includes 1 rail station, 21 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, Shannon Vale offers a gross rental yield of 2.8%, rated as low yield. Property prices sit below the state median ($700K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.2x is considered moderate. House prices have moved -30.0% year-on-year.