Springrange is a quiet locality in New South Wales within the Yass Valley local government area (postcode 2618). The area has roughly 498 residents and an established family 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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, professionals, clerical & administrative. Employment in the area leans toward construction and agriculture. The top ancestries reported are Australian, English, Irish.
Springrange has a median house price of $1.5 million, which has declined steeply by 13.2% year-on-year. The median weekly rent is $550 (Census 2021). This gives a gross rental yield of approximately 1.9%. 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 1,642 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 1.9% (low yield). Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 10.3x is considered stretched. House prices have moved -13.2% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.