Temora (postcode 2666) is a smaller residential area in New South Wales within the Temora local government area. With a population of 4,706, the suburb has an older-leaning population with a median age of 48. Households earn a median income of $61K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.2% 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 professionals, technicians & trades, managers. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are Australian, English, Irish.
Median house prices in Temora stand at $360,000, having fallen sharply by 20.9% over the last twelve months. Units have a median price of $380,000 (+22.6% YoY). The current median weekly rent is $410. This gives a gross rental yield of approximately 5.9%. The median monthly mortgage repayment is $1,183.
Temora is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 970, which is around the national average of 1,000. Public transport access includes 125 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Temora LGA is below average at 2,422 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 5.9%, which reads as high yield. Property prices sit below the state median ($360K/$1.5M), which can point to relative value. The price-to-income ratio of 5.9x is considered affordable. House prices have moved -20.9% year-on-year. Population growth of -0.2% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.