Townsend is a small community in New South Wales within the Clarence Valley local government area (postcode 2463). With a population of 991, the suburb has an established demographic with a median age of 42. Households earn a median income of $54K per year, with an average household size of 2.4 people. The most common occupations are labourers, community & personal service, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Townsend is $820,000, having surged 30.2% over the past year. Units have a median price of $800,000 (+59.2% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 3.7%. 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 4,981 incidents per 100,000 population.
From an investment perspective, Townsend offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($820K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 15.1x is considered stretched. House prices have moved +30.2% year-on-year.
Townsend is a small community in New South Wales within the Clarence Valley local government area (postcode 2463). With a population of 991, the suburb has an established demographic with a median age of 42. Households earn a median income of $54K per year, with an average household size of 2.4 people. The most common occupations are labourers, community & personal service, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Townsend is $820,000, having surged 30.2% over the past year. Units have a median price of $800,000 (+59.2% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 3.7%. 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 4,981 incidents per 100,000 population.
From an investment perspective, Townsend offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($820K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 15.1x is considered stretched. House prices have moved +30.2% year-on-year.