Spring Ridge is a sparsely populated locality in New South Wales within the Liverpool Plains local government area (postcode 2343). It is home to about 266 residents, with an established family demographic and a median age of 40. Households earn a median income of $68K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.1% 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 managers, labourers, clerical & administrative. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Scottish.
Median house prices in Spring Ridge stand at $150,000, having declined steeply by 31.8% over the last twelve months. The current median weekly rent is $400. This gives a gross rental yield of approximately 13.9%. The median monthly mortgage repayment is $852.
Spring Ridge is served by 1 school, including 1 primary. The average ICSEA score is 1004, which is around the national average of 1,000. Public transport access includes 14 bus stops. The crime rate in the Liverpool Plains LGA is below average at 3,913 incidents per 100,000 population.
Looking at the investment signals, Spring Ridge shows a gross rental yield of approximately 13.9%, rated as high yield. Property prices sit below the state median ($150K/$1.5M), which can point to relative value. The price-to-income ratio of 2.2x is considered affordable. House prices have moved -31.8% year-on-year. Population growth of -0.1% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.