Located in New South Wales within the Campbelltown (NSW) local government area, Varroville is a quiet locality (postcode 2566). It is home to about 134 residents, with a mix of families and early-career residents and a median age of 36. Households earn a median income of $133K per year, with an average household size of 3.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.5% 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 machinery operators & drivers, technicians & trades, professionals. Employment in the area leans toward construction and transport & logistics. The top ancestries reported are English, Croatian, Australian.
Varroville has a median house price of $1.4 million, holding roughly steady year-on-year. The current median weekly rent is $610. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $4,200.
Varroville is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1046, which is around the national average of 1,000. Public transport access includes 8 bus stops. The crime rate in the Campbelltown (NSW) LGA is below average at 3,457 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.2%, which reads as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 10.9x is considered stretched. House prices have moved +0.0% year-on-year. Population growth of +1.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.