Located in New South Wales within the Tamworth Regional local government area, Warral is a small, quiet locality (postcode 2340). The area has roughly 445 residents and an older-leaning population, with a median age of 46. Households earn a median income of $112K per year, with an average household size of 2.9 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 professionals, managers, clerical & administrative. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in Warral stand at $1.0 million, having dropped significantly by 8.7% over the last twelve months. The current median weekly rent is $480. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,015.
Public transport access includes 40 bus stops. The crime rate in the Tamworth Regional LGA is moderate at 6,891 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.4% (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 9.2x is considered moderate. House prices have moved -8.7% year-on-year.