Snowball is a quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2622). With a population of 3, the suburb has an older demographic with a median age of 73. Households earn a median income of $62K per year, with an average household size of 1.5 people.
The median house price in Snowball is $320,000, having dropped significantly 28.9% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 8.5%.
The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,796 incidents per 100,000 population.
From an investment perspective, Snowball offers a gross rental yield of 8.5%, rated as high yield. Property prices sit below the state median ($320K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.1x is considered affordable. House prices have moved -28.9% year-on-year.
Snowball is a quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2622). With a population of 3, the suburb has an older demographic with a median age of 73. Households earn a median income of $62K per year, with an average household size of 1.5 people.
The median house price in Snowball is $320,000, having dropped significantly 28.9% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 8.5%.
The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,796 incidents per 100,000 population.
From an investment perspective, Snowball offers a gross rental yield of 8.5%, rated as high yield. Property prices sit below the state median ($320K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.1x is considered affordable. House prices have moved -28.9% year-on-year.