Located in New South Wales within the Armidale Regional local government area, Tilbuster is a small, quiet locality (postcode 2350). With a population of 49, the suburb has an older-leaning population with a median age of 50. Households earn a median income of $133K per year, with an average household size of 2.8 people. 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, community & personal service, clerical & administrative. Employment in the area leans toward agriculture and retail trade. The top ancestries reported are English, Australian, Scottish.
Tilbuster has a median house price of $330,000, holding roughly steady year-on-year. The current median weekly rent is $480. This gives a gross rental yield of approximately 7.6%. The median monthly mortgage repayment is $2,600.
Public transport access includes 4 bus stops. The crime rate in the Armidale Regional LGA is moderate at 6,143 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 7.6% (high yield). Property prices sit below the state median ($330K/$1.5M), which can point to relative value. The price-to-income ratio of 2.5x is considered affordable. House prices have moved +0.0% year-on-year.