Springrange is a quiet locality in New South Wales within the Yass Valley local government area (postcode 2618). With a population of 498, the suburb has an established demographic with a median age of 43. Households earn a median income of $143K per year, with an average household size of 3.2 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Springrange is $1.5 million, having dropped significantly 25.9% over the past year. The current median weekly rent is $588. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,958.
Public transport access includes 12 bus stops. The crime rate in the Yass Valley LGA is low at 1,626 incidents per 100,000 population.
From an investment perspective, Springrange offers a gross rental yield of 2.1%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 10.2x is considered stretched. House prices have moved -25.9% year-on-year.
Springrange is a quiet locality in New South Wales within the Yass Valley local government area (postcode 2618). With a population of 498, the suburb has an established demographic with a median age of 43. Households earn a median income of $143K per year, with an average household size of 3.2 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Springrange is $1.5 million, having dropped significantly 25.9% over the past year. The current median weekly rent is $588. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,958.
Public transport access includes 12 bus stops. The crime rate in the Yass Valley LGA is low at 1,626 incidents per 100,000 population.
From an investment perspective, Springrange offers a gross rental yield of 2.1%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 10.2x is considered stretched. House prices have moved -25.9% year-on-year.