Located in New South Wales within the Mid-Western Regional local government area, Tallawang is a small, quiet locality (postcode 2852). With a population of 165, the suburb has a settled mid-life population with a median age of 38. Households earn a median income of $75K per year, with an average household size of 2.8 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 professionals, managers, labourers. Employment in the area leans toward agriculture and mining. The top ancestries reported are English, Australian, Irish.
Median house prices in Tallawang stand at $543,000, having fallen by 4% over the last twelve months. The current median weekly rent is $400. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,842.
Public transport access includes 11 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 3.8%, which reads as moderate yield. Property prices sit below the state median ($543K/$1.5M), which can point to relative value. The price-to-income ratio of 7.2x is considered moderate. House prices have moved -4.0% year-on-year.