Torrington is a sparsely populated locality in New South Wales within the Tenterfield local government area (postcode 2371). It is home to about 77 residents, with a predominantly older resident base and a median age of 64. Households earn a median income of $32K per year, with an average household size of 1.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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. Employment in the area leans toward construction and public admin & safety. The top ancestries reported are English, Australian, Irish.
The median house price in Torrington is $184,000, having fallen sharply by 14.7% over the past year. The current median weekly rent is $250. This gives a gross rental yield of approximately 7.1%. The median monthly mortgage repayment is $650.
Public transport access includes 2 bus stops. The crime rate in the Tenterfield LGA is moderate at 5,235 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 7.1%, which reads as high yield. Property prices sit below the state median ($184K/$1.5M), which can point to relative value. The price-to-income ratio of 5.8x is considered affordable. House prices have moved -14.7% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.