Turrawan is a small, quiet locality in New South Wales within the Narrabri local government area (postcode 2390). With a population of 83, the suburb has a mature demographic with a median age of 52. Households earn a median income of $84K per year, with an average household size of 2.7 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, machinery operators & drivers, technicians & trades. Employment in the area leans toward agriculture and wholesale trade. The top ancestries reported are English, Australian, Irish.
Turrawan has a median house price of $460,000, holding roughly steady year-on-year. The current median weekly rent is $430. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $1,725.
Public transport access includes 4 bus stops. The crime rate in the Narrabri LGA is moderate at 5,724 incidents per 100,000 population.
On the investment side, Turrawan shows a gross rental yield of approximately 4.9%, rated as moderate yield. Property prices sit below the state median ($460K/$1.5M), which can point to relative value. The price-to-income ratio of 5.4x is considered affordable. House prices have moved +0.0% 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.