Located in New South Wales within the Clarence Valley local government area, The Pinnacles is a sparsely populated locality (postcode 2460). With a population of 87, the suburb has a more retirement-aged population with a median age of 57. Households earn a median income of $75K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% 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 community & personal service, labourers, professionals. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are English, Australian, Irish.
The Pinnacles has a median house price of $420,000, which has declined by 4.5% year-on-year. The current median weekly rent is $500. This gives a gross rental yield of approximately 6.2%. The median monthly mortgage repayment is $2,110.
Public transport access includes 3 bus stops. The crime rate in the Clarence Valley LGA is moderate at 5,045 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 6.2% (high yield). Property prices sit below the state median ($420K/$1.5M), which can point to relative value. The price-to-income ratio of 5.6x is considered affordable. House prices have moved -4.5% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.