Spring Flat is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). It is home to about 345 residents, with a blend of families and working-age professionals and a median age of 36. Households earn a median income of $155K per year, with an average household size of 3 people. 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 technicians & trades, professionals, managers. Employment in the area leans toward mining and construction. The top ancestries reported are Australian, English, Irish.
The median house price in Spring Flat is $1.2 million, broadly unchanged over the past year. The current median weekly rent is $590. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,540.
Public transport access includes 18 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
From an investment perspective, Spring Flat shows a gross rental yield of approximately 2.5%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 7.8x is considered moderate. House prices have moved +0.4% year-on-year.