Warragai Creek is a sparsely populated locality in New South Wales within the Clarence Valley local government area (postcode 2460). It is home to about 84 residents, with a settled mid-life population and a median age of 41. Households earn a median income of $75K per year, with an average household size of 3.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% 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 community & personal service, technicians & trades, clerical & administrative. Employment in the area leans toward construction and retail trade. The top ancestries reported are English, Australian, Scottish.
Median house prices in Warragai Creek sit at $420,000, little changed on a year ago. The current median weekly rent is $500. This gives a gross rental yield of approximately 6.2%. The median monthly mortgage repayment is $1,672.
Public transport access includes 5 bus stops. The crime rate in the Clarence Valley LGA is moderate at 5,045 incidents per 100,000 population.
Looking at the investment signals, Warragai Creek shows a gross rental yield of approximately 6.2%, rated as high yield. Property prices sit below the state median ($420K/$1.5M), which can point to relative value. The price-to-income ratio of 5.6x is considered affordable. House prices have moved +0.0% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.