Shannons Flat is a quiet locality in New South Wales within the Snowy Monaro Regional local government area (postcode 2630). With a population of 87, the suburb has a mature demographic with a median age of 54. Households earn a median income of $98K per year, with an average household size of 2 people. The most common occupations are managers, professionals, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Shannons Flat is $600,000, having surged 23.1% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,817.
Public transport access includes 2 bus stops. The crime rate in the Snowy Monaro Regional LGA is below average at 2,178 incidents per 100,000 population.
From an investment perspective, Shannons Flat offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($600K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.2x is considered moderate. House prices have moved +23.1% year-on-year.
Shannons Flat is a quiet locality in New South Wales within the Snowy Monaro Regional local government area (postcode 2630). With a population of 87, the suburb has a mature demographic with a median age of 54. Households earn a median income of $98K per year, with an average household size of 2 people. The most common occupations are managers, professionals, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Shannons Flat is $600,000, having surged 23.1% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,817.
Public transport access includes 2 bus stops. The crime rate in the Snowy Monaro Regional LGA is below average at 2,178 incidents per 100,000 population.
From an investment perspective, Shannons Flat offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($600K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.2x is considered moderate. House prices have moved +23.1% year-on-year.