Taralga (postcode 2580) is a quiet locality in New South Wales within the Upper Lachlan Shire local government area. It is home to about 403 residents, with a settled, mature resident base and a median age of 53. Households earn a median income of $61K per year, with an average household size of 2.1 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, labourers, technicians & trades. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Scottish.
Taralga has a median house price of $325,000, which has dropped significantly by 45.4% year-on-year. The current median weekly rent is $520. This gives a gross rental yield of approximately 8.3%. The median monthly mortgage repayment is $1,365.
Taralga is served by 1 school, including 1 primary. The average ICSEA score is 965, which is around the national average of 1,000. Public transport access includes 13 bus stops. The crime rate in the Upper Lachlan Shire LGA is low at 1,619 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 8.3% (high yield). Property prices sit below the state median ($325K/$1.5M), which can point to relative value. The price-to-income ratio of 5.4x is considered affordable. House prices have moved -45.4% year-on-year.