Located in New South Wales within the Mid-Western Regional local government area, Stubbo is a sparsely populated locality (postcode 2852). The area has roughly 270 residents and a settled, mature resident base, with a median age of 46. Households earn a median income of $68K per year, with an average household size of 2.6 people. 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, machinery operators & drivers, technicians & trades. Employment in the area leans toward mining and agriculture. The top ancestries reported are Australian, English, Irish.
Stubbo has a median house price of $813,000, which has surged by 16.2% year-on-year. The current median weekly rent is $400. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $1,690.
Public transport access includes 14 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.6%, which reads as low yield. Property prices sit below the state median ($813K/$1.5M), which can point to relative value. The price-to-income ratio of 12.0x is considered stretched. House prices have moved +16.2% year-on-year.