Shark Creek is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2463). With a population of 30, the suburb has an older demographic with a median age of 56. Households earn a median income of $49K per year, with an average household size of 1.8 people. The most common occupations are managers, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Shark Creek is $725,000, having surged 14.2% over the past year. The current median weekly rent is $580. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,668.
The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Shark Creek offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($725K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.9x is considered stretched. House prices have moved +14.2% year-on-year.
Shark Creek is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2463). With a population of 30, the suburb has an older demographic with a median age of 56. Households earn a median income of $49K per year, with an average household size of 1.8 people. The most common occupations are managers, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Shark Creek is $725,000, having surged 14.2% over the past year. The current median weekly rent is $580. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,668.
The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Shark Creek offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($725K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.9x is considered stretched. House prices have moved +14.2% year-on-year.