Urila is a small, quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2620). With a population of 110, the suburb has an older-leaning population with a median age of 52. Households earn a median income of $117K per year, with an average household size of 2.4 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 most common occupations are managers, technicians & trades, professionals. Employment in the area leans toward public admin & safety and construction. The top ancestries reported are English, Australian, Irish.
Median house prices in Urila stand at $1.0 million, having surged by 47.9% over the last twelve months. The current median weekly rent is $550. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,123.
The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,677 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.8%, which reads as low yield. Property prices sit below the state median ($1.0M/$1.5M), which can point to relative value. The price-to-income ratio of 8.8x is considered moderate. House prices have moved +47.9% year-on-year.