Shannons Flat is a quiet locality in New South Wales within the Snowy Monaro Regional local government area (postcode 2630). It is home to about 87 residents, with an older-leaning population and a median age of 54. Households earn a median income of $98K per year, with an average household size of 2 people. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, professionals, community & personal service. Employment in the area leans toward public admin & safety and agriculture. The top ancestries reported are English, Australian, Scottish.
Shannons Flat has a median house price of $140,000, which has declined steeply by 57.6% year-on-year. The current median weekly rent is $465. This gives a gross rental yield of approximately 17.3%. 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 2,173 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 17.3% (high yield). Property prices sit below the state median ($140K/$1.5M), which can point to relative value. The price-to-income ratio of 1.4x is considered affordable. House prices have moved -57.6% year-on-year.