South Grafton is a mid-sized suburb in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 6,288, the suburb has an established demographic with a median age of 40. Households earn a median income of $51K per year, with an average household size of 2.4 people. The most common occupations are community & personal service, labourers, professionals. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in South Grafton is $596,000, having surged 38.6% over the past year. Units have a median price of $450,000 (+71.9% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,144.
South Grafton is served by 5 schools, including 3 primary, 1 secondary, 1 special. The average ICSEA score is 857, which is well below the national average of 1,000. Public transport access includes 1 rail station, 1 ferry wharf, 64 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, South Grafton offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($596K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.8x is considered stretched. House prices have moved +38.6% year-on-year.
South Grafton is a mid-sized suburb in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 6,288, the suburb has an established demographic with a median age of 40. Households earn a median income of $51K per year, with an average household size of 2.4 people. The most common occupations are community & personal service, labourers, professionals. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in South Grafton is $596,000, having surged 38.6% over the past year. Units have a median price of $450,000 (+71.9% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,144.
South Grafton is served by 5 schools, including 3 primary, 1 secondary, 1 special. The average ICSEA score is 857, which is well below the national average of 1,000. Public transport access includes 1 rail station, 1 ferry wharf, 64 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, South Grafton offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($596K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.8x is considered stretched. House prices have moved +38.6% year-on-year.