The Ridgeway is a quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2620). With a population of 162, the suburb has a mature demographic with a median age of 52. Households earn a median income of $145K per year, with an average household size of 2.6 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in The Ridgeway is $550,000, having dropped significantly 70.7% over the past year. The current median weekly rent is $595. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $2,245.
Public transport access includes 2 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,796 incidents per 100,000 population.
From an investment perspective, The Ridgeway offers a gross rental yield of 5.6%, rated as high yield. Property prices sit below the state median ($550K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.8x is considered affordable. House prices have moved -70.7% year-on-year.
The Ridgeway is a quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2620). With a population of 162, the suburb has a mature demographic with a median age of 52. Households earn a median income of $145K per year, with an average household size of 2.6 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in The Ridgeway is $550,000, having dropped significantly 70.7% over the past year. The current median weekly rent is $595. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $2,245.
Public transport access includes 2 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,796 incidents per 100,000 population.
From an investment perspective, The Ridgeway offers a gross rental yield of 5.6%, rated as high yield. Property prices sit below the state median ($550K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.8x is considered affordable. House prices have moved -70.7% year-on-year.