Townsend (postcode 2463) is a close-knit residential community in New South Wales within the Clarence Valley local government area. The area has roughly 991 residents and a settled mid-life population, with a median age of 42. Households earn a median income of $54K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% 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 labourers, community & personal service, professionals. Employment in the area leans toward retail trade and healthcare. The top ancestries reported are Australian, English, Scottish.
Median house prices in Townsend stand at $685,000, having dipped slightly by 1.4% over the last twelve months. Units have a median price of $427,000 (+24.7% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,419.
Townsend is served by 2 schools, including 1 combined, 1 special. The average ICSEA score is 968, which is around the national average of 1,000. Public transport access includes 8 bus stops. The crime rate in the Clarence Valley LGA is moderate at 5,045 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 4.6%, which reads as moderate yield. Property prices sit below the state median ($685K/$1.5M), which can point to relative value. The price-to-income ratio of 12.6x is considered stretched. House prices have moved -1.4% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.