Southgate is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 198, the suburb has a mature demographic with a median age of 51. Households earn a median income of $69K per year, with an average household size of 2.4 people. The most common occupations are labourers, managers, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Southgate is $1.7 million, having surged 173% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $1,777.
Public transport access includes 1 ferry wharf, 11 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Southgate offers a gross rental yield of 1.5%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 24.4x is considered stretched. House prices have moved +173.0% year-on-year.
Southgate is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 198, the suburb has a mature demographic with a median age of 51. Households earn a median income of $69K per year, with an average household size of 2.4 people. The most common occupations are labourers, managers, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Southgate is $1.7 million, having surged 173% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $1,777.
Public transport access includes 1 ferry wharf, 11 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Southgate offers a gross rental yield of 1.5%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 24.4x is considered stretched. House prices have moved +173.0% year-on-year.