Shannondale is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 76, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $72K per year, with an average household size of 3.2 people. The most common occupations are labourers, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Shannondale is $350,000, having dropped significantly 39.1% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 7.1%. The median monthly mortgage repayment is $1,300.
Public transport access includes 7 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Shannondale offers a gross rental yield of 7.1%, rated as high yield. Property prices sit below the state median ($350K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.9x is considered affordable. House prices have moved -39.1% year-on-year.
Shannondale is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 76, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $72K per year, with an average household size of 3.2 people. The most common occupations are labourers, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Shannondale is $350,000, having dropped significantly 39.1% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 7.1%. The median monthly mortgage repayment is $1,300.
Public transport access includes 7 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Shannondale offers a gross rental yield of 7.1%, rated as high yield. Property prices sit below the state median ($350K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.9x is considered affordable. House prices have moved -39.1% year-on-year.