Tallowwood Ridge is a quiet locality in New South Wales within the Bellingen local government area (postcode 2453). With a population of 25, the suburb has an older demographic with a median age of 60. Households earn a median income of $20K per year, with an average household size of 1.6 people. The most common occupations are managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Tallowwood Ridge is $368,000, having dropped significantly 75.5% over the past year. The current median weekly rent is $485. This gives a gross rental yield of approximately 6.9%. The median monthly mortgage repayment is $2,762.
The crime rate in the Bellingen LGA is below average at 3,592 incidents per 100,000 population.
From an investment perspective, Tallowwood Ridge offers a gross rental yield of 6.9%, rated as high yield. Property prices sit below the state median ($368K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 18.3x is considered stretched. House prices have moved -75.5% year-on-year.
Tallowwood Ridge is a quiet locality in New South Wales within the Bellingen local government area (postcode 2453). With a population of 25, the suburb has an older demographic with a median age of 60. Households earn a median income of $20K per year, with an average household size of 1.6 people. The most common occupations are managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Tallowwood Ridge is $368,000, having dropped significantly 75.5% over the past year. The current median weekly rent is $485. This gives a gross rental yield of approximately 6.9%. The median monthly mortgage repayment is $2,762.
The crime rate in the Bellingen LGA is below average at 3,592 incidents per 100,000 population.
From an investment perspective, Tallowwood Ridge offers a gross rental yield of 6.9%, rated as high yield. Property prices sit below the state median ($368K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 18.3x is considered stretched. House prices have moved -75.5% year-on-year.