Located in New South Wales within the Tenterfield local government area, Tenterfield is a smaller residential area (postcode 2372). With a population of 4,067, the suburb has a more retirement-aged population with a median age of 55. Households earn a median income of $49K per year, with an average household size of 2.1 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 most common occupations are managers, professionals, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
The median house price in Tenterfield is $550,000, having increased by 3.8% over the past year. Units have a median price of $205,000 (-4.7% YoY). The current median weekly rent is $435. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,192.
Tenterfield is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 928, which is below the national average of 1,000. Public transport access includes 9 rail stations, 144 bus stops. Healthcare facilities include 1 public hospital. 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 4.1%, which reads as moderate yield. Property prices sit below the state median ($550K/$1.5M), which can point to relative value. The price-to-income ratio of 11.3x is considered stretched. House prices have moved +3.8% 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.