Texas is a quiet locality in New South Wales within the Inverell local government area (postcode 4385). With a population of 23, the suburb has a mature demographic with a median age of 50. Households earn a median income of $55K per year, with an average household size of 2.5 people. The most common occupations are labourers, managers, clerical & administrative. The top ancestries reported are English, Irish, Australian.
The median house price in Texas is $500,000, having surged 213.3% over the past year. The median weekly rent is $100 (Census 2021). This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $4,167.
Public transport access includes 4 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Texas offers a gross rental yield of 1.0%, rated as low yield. Property prices sit below the state median ($500K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.1x is considered moderate. House prices have moved +213.3% year-on-year.
Texas is a quiet locality in New South Wales within the Inverell local government area (postcode 4385). With a population of 23, the suburb has a mature demographic with a median age of 50. Households earn a median income of $55K per year, with an average household size of 2.5 people. The most common occupations are labourers, managers, clerical & administrative. The top ancestries reported are English, Irish, Australian.
The median house price in Texas is $500,000, having surged 213.3% over the past year. The median weekly rent is $100 (Census 2021). This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $4,167.
Public transport access includes 4 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Texas offers a gross rental yield of 1.0%, rated as low yield. Property prices sit below the state median ($500K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.1x is considered moderate. House prices have moved +213.3% year-on-year.