Spring Flat is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). With a population of 345, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $155K per year, with an average household size of 3 people. The most common occupations are technicians & trades, professionals, managers. The top ancestries reported are Australian, English, Irish.
The median house price in Spring Flat is $1.2 million, having risen modestly 1.7% over the past year. The current median weekly rent is $615. This gives a gross rental yield of approximately 2.7%. 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 3,221 incidents per 100,000 population.
From an investment perspective, Spring Flat offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 7.6x is considered moderate. House prices have moved +1.7% year-on-year.
Spring Flat is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). With a population of 345, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $155K per year, with an average household size of 3 people. The most common occupations are technicians & trades, professionals, managers. The top ancestries reported are Australian, English, Irish.
The median house price in Spring Flat is $1.2 million, having risen modestly 1.7% over the past year. The current median weekly rent is $615. This gives a gross rental yield of approximately 2.7%. 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 3,221 incidents per 100,000 population.
From an investment perspective, Spring Flat offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 7.6x is considered moderate. House prices have moved +1.7% year-on-year.