Tharbogang (postcode 2680) is a sparsely populated locality in New South Wales within the Griffith local government area. It is home to about 452 residents, with an established family demographic and a median age of 42. Households earn a median income of $99K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% 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, labourers, clerical & administrative. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Italian, Australian, English.
Tharbogang has a median house price of $325,000, which has posted strong gains by 8.3% year-on-year. The current median weekly rent is $500. This gives a gross rental yield of approximately 8.0%. The median monthly mortgage repayment is $1,083.
Tharbogang is served by 1 school, including 1 primary. The average ICSEA score is 855, which is well below the national average of 1,000. Public transport access includes 40 bus stops. The crime rate in the Griffith LGA is moderate at 4,441 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 8.0%, which reads as high yield. Property prices sit below the state median ($325K/$1.5M), which can point to relative value. The price-to-income ratio of 3.3x is considered affordable. House prices have moved +8.3% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.