Spring Terrace is a quiet locality in New South Wales within the Cabonne local government area (postcode 2798). With a population of 123, the suburb has a mature demographic with a median age of 50. Households earn a median income of $94K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Spring Terrace is $1.1 million, having dropped significantly 35.2% over the past year. The current median weekly rent is $548. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,943.
Spring Terrace is served by 1 school, including 1 primary. The average ICSEA score is 927, which is below the national average of 1,000. Public transport access includes 16 bus stops. The crime rate in the Cabonne LGA is low at 1,856 incidents per 100,000 population.
From an investment perspective, Spring Terrace offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 12.2x is considered stretched. House prices have moved -35.2% year-on-year.
Spring Terrace is a quiet locality in New South Wales within the Cabonne local government area (postcode 2798). With a population of 123, the suburb has a mature demographic with a median age of 50. Households earn a median income of $94K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Spring Terrace is $1.1 million, having dropped significantly 35.2% over the past year. The current median weekly rent is $548. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,943.
Spring Terrace is served by 1 school, including 1 primary. The average ICSEA score is 927, which is below the national average of 1,000. Public transport access includes 16 bus stops. The crime rate in the Cabonne LGA is low at 1,856 incidents per 100,000 population.
From an investment perspective, Spring Terrace offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 12.2x is considered stretched. House prices have moved -35.2% year-on-year.