Talofa is a quiet locality in New South Wales within the Byron local government area (postcode 2481). With a population of 103, the suburb has a settled, mature resident base with a median age of 47. Households earn a median income of $159K per year, with an average household size of 2.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% 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, technicians & trades. Employment in the area leans toward retail trade and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Talofa is $3.0 million, having surged by 41.8% over the past year. The current median weekly rent is $1045. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $4,100.
Public transport access includes 6 bus stops. The crime rate in the Byron LGA is moderate at 4,232 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 1.8% (low yield). Property prices are above the state median ($3.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.8x is considered stretched. House prices have moved +41.8% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.