Talbingo is a quiet locality in New South Wales within the Snowy Valleys local government area (postcode 2720). It is home to about 224 residents, with a predominantly older resident base and a median age of 61. Households earn a median income of $50K per year, with an average household size of 1.9 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, community & personal service. Employment in the area leans toward accommodation & food and retail trade. The top ancestries reported are English, Australian, Scottish.
Talbingo has a median house price of $400,000, which has edged higher by 1.3% year-on-year. The current median weekly rent is $410. This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $1,365.
Talbingo is served by 1 school, including 1 primary. Public transport access includes 7 bus stops. The crime rate in the Snowy Valleys LGA is below average at 3,281 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 5.3% (high yield). Property prices sit below the state median ($400K/$1.5M), which can point to relative value. The price-to-income ratio of 7.9x is considered moderate. House prices have moved +1.3% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.