Upper Orara (postcode 2450) is a small community in New South Wales within the Coffs Harbour local government area. With a population of 863, the suburb has a mature demographic with a median age of 45. Households earn a median income of $90K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 professionals, technicians & trades, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Scottish.
Median house prices in Upper Orara stand at $970,000, having declined by 5.6% over the last twelve months. The current median weekly rent is $600. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,800.
Upper Orara is served by 1 school, including 1 primary. The average ICSEA score is 940, which is below the national average of 1,000. Public transport access includes 72 bus stops. The crime rate in the Coffs Harbour LGA is moderate at 5,038 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 3.2% (moderate yield). Property prices sit below the state median ($970K/$1.5M), which can point to relative value. The price-to-income ratio of 10.7x is considered stretched. House prices have moved -5.6% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.