Tocumwal is a compact suburb in New South Wales within the Berrigan local government area (postcode 2714). It is home to about 2,862 residents, with a more retirement-aged population and a median age of 59. Households earn a median income of $55K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 managers, technicians & trades, labourers. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Tocumwal stand at $470,000, having declined by 3.1% over the last twelve months. Units have a median price of $260,000 (-3.7% YoY). The current median weekly rent is $490. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $1,300.
Tocumwal is served by 2 schools, including 2 primary. The average ICSEA score is 998, which is around the national average of 1,000. Public transport access includes 71 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Berrigan LGA is below average at 2,615 incidents per 100,000 population.
Looking at the investment signals, Tocumwal shows a gross rental yield of approximately 5.4%, rated as high yield. Property prices sit below the state median ($470K/$1.5M), which can point to relative value. The price-to-income ratio of 8.5x is considered moderate. House prices have moved -3.1% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.