South Grafton is a medium-sized suburb in New South Wales within the Clarence Valley local government area (postcode 2460). It is home to about 6,288 residents, with a settled mid-life population and a median age of 40. Households earn a median income of $51K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% year-on-year at the LGA level. 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 community & personal service, labourers, professionals. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in South Grafton stand at $490,000, having risen steeply by 14% over the last twelve months. Units have a median price of $262,000 (-11.8% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 5.3%. 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 5,045 incidents per 100,000 population.
Looking at the investment signals, South Grafton shows a gross rental yield of approximately 5.3%, rated as high yield. Property prices sit below the state median ($490K/$1.5M), which can point to relative value. The price-to-income ratio of 9.7x is considered moderate. House prices have moved +14.0% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.