Thurgoona is a well-established suburb in New South Wales within the Albury local government area (postcode 2640). The area has roughly 11,028 residents and a mix of young professionals and families, with a median age of 34. Households earn a median income of $102K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% 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 professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are Australian, English, Irish.
The median house price in Thurgoona is $825,000, having risen steeply by 16.6% over the past year. Units have a median price of $485,000 (+3.2% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,625.
Thurgoona is served by 3 schools, including 1 primary, 2 combined. The average ICSEA score is 1046, which is around the national average of 1,000. Public transport access includes 172 bus stops. The crime rate in the Albury LGA is moderate at 6,342 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.3%, which reads as moderate yield. Property prices sit below the state median ($825K/$1.5M), which can point to relative value. The price-to-income ratio of 8.1x is considered moderate. House prices have moved +16.6% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.