Located in New South Wales within the Parkes local government area, Tullamore is a sparsely populated locality (postcode 2874). With a population of 369, the suburb has a mature demographic with a median age of 50. Households earn a median income of $48K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.4% 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, professionals, community & personal service. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Tullamore stand at $235,000, having risen steeply by 38.6% over the last twelve months. The median weekly rent is $100 (Census 2021). This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $345.
Tullamore is served by 1 school, including 1 combined. The average ICSEA score is 915, which is below the national average of 1,000. Public transport access includes 32 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Parkes LGA is moderate at 6,061 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.2%, which reads as low yield. Property prices sit below the state median ($235K/$1.5M), which can point to relative value. The price-to-income ratio of 4.9x is considered affordable. House prices have moved +38.6% year-on-year. Population growth of -0.4% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.