Tarban is a sparsely populated locality in New South Wales within the Tenterfield local government area (postcode 2372). It is home to about 13 residents, with a more retirement-aged population and a median age of 68. Households earn a median income of $60K 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 +1.0% 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 top ancestries reported are English, Australian, Irish.
Units have a median price of $847,000 (-2.1% YoY). The current median weekly rent is $435. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,167.
The crime rate in the Tenterfield LGA is moderate at 5,235 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.7%, which reads as low yield. Property prices sit below the state median ($847K/$1.5M), which can point to relative value. The price-to-income ratio of 14.2x is considered stretched. House prices have moved -2.1% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.