The Risk is a quiet locality in New South Wales within the Kyogle local government area (postcode 2474). With a population of 31, the suburb has a mature demographic with a median age of 50. Households earn a median income of $94K per year, with an average household size of 2.6 people. The most common occupations are managers, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in The Risk is $1.0 million, having dropped significantly 36.5% over the past year. The current median weekly rent is $925. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $433.
The Risk is served by 1 school, including 1 primary. The average ICSEA score is 869, which is well below the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, The Risk offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.6x is considered stretched. House prices have moved -36.5% year-on-year.
The Risk is a quiet locality in New South Wales within the Kyogle local government area (postcode 2474). With a population of 31, the suburb has a mature demographic with a median age of 50. Households earn a median income of $94K per year, with an average household size of 2.6 people. The most common occupations are managers, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in The Risk is $1.0 million, having dropped significantly 36.5% over the past year. The current median weekly rent is $925. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $433.
The Risk is served by 1 school, including 1 primary. The average ICSEA score is 869, which is well below the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, The Risk offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.6x is considered stretched. House prices have moved -36.5% year-on-year.