Terrace Creek is a quiet locality in New South Wales within the Kyogle local government area (postcode 2474). With a population of 40, the suburb has a mature demographic with a median age of 46. Households earn a median income of $43K per year, with an average household size of 2.1 people. The most common occupations are managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Terrace Creek is $860,000, having surged 175.2% over the past year. The current median weekly rent is $925. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $2,530.
Public transport access includes 2 bus stops. The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, Terrace Creek offers a gross rental yield of 5.6%, rated as high yield. Property prices sit below the state median ($860K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 20.1x is considered stretched. House prices have moved +175.2% year-on-year.
Terrace Creek is a quiet locality in New South Wales within the Kyogle local government area (postcode 2474). With a population of 40, the suburb has a mature demographic with a median age of 46. Households earn a median income of $43K per year, with an average household size of 2.1 people. The most common occupations are managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Terrace Creek is $860,000, having surged 175.2% over the past year. The current median weekly rent is $925. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $2,530.
Public transport access includes 2 bus stops. The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, Terrace Creek offers a gross rental yield of 5.6%, rated as high yield. Property prices sit below the state median ($860K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 20.1x is considered stretched. House prices have moved +175.2% year-on-year.