Warren (postcode 2824) is a small community in New South Wales within the Warren local government area. It is home to about 1,272 residents, with a mature demographic and a median age of 45. Households earn a median income of $66K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 technicians & trades, managers, labourers. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in Warren stand at $248,000, having surged by 25% over the last twelve months. The current median weekly rent is $300. This gives a gross rental yield of approximately 6.3%. The median monthly mortgage repayment is $1,083.
Warren is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 898, which is well below the national average of 1,000. Public transport access includes 34 bus stops. The crime rate in the Warren LGA is low at 0 incidents per 100,000 population.
On the investment side, Warren shows a gross rental yield of approximately 6.3%, rated as high yield. Property prices sit below the state median ($248K/$1.5M), which can point to relative value. The price-to-income ratio of 3.8x is considered affordable. House prices have moved +25.0% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.