Utungun is a small, quiet locality in New South Wales within the Nambucca Valley local government area (postcode 2447). It is home to about 194 residents, with an older-leaning population and a median age of 49. Households earn a median income of $61K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.9% 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, technicians & trades, labourers. Employment in the area leans toward retail trade and construction. The top ancestries reported are English, Australian, Scottish.
Median house prices in Utungun stand at $610,000, having declined steeply by 52.2% over the last twelve months. The current median weekly rent is $500. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,083.
Public transport access includes 1 bus stop. The crime rate in the Nambucca Valley LGA is moderate at 4,255 incidents per 100,000 population.
On the investment side, Utungun shows a gross rental yield of approximately 4.3%, rated as moderate yield. Property prices sit below the state median ($610K/$1.5M), which can point to relative value. The price-to-income ratio of 10.0x is considered moderate. House prices have moved -52.2% year-on-year. Population growth of +0.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.