Tuross (postcode 2630) is a quiet locality in New South Wales within the Snowy Monaro Regional local government area. With a population of 23, the suburb has an older demographic with a median age of 55. Households earn a median income of $47K per year, with an average household size of 2.6 people. 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 top ancestries reported are English, Australian, Scottish.
The median house price in Tuross is $500,000, broadly unchanged over the past year. The current median weekly rent is $465. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $83.
The crime rate in the Snowy Monaro Regional LGA is below average at 2,173 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 4.8% (moderate yield). Property prices sit below the state median ($500K/$1.5M), which can point to relative value. The price-to-income ratio of 10.7x is considered stretched. House prices have moved +0.0% year-on-year.