Wells Crossing is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 212, the suburb has a mature demographic with a median age of 45. Households earn a median income of $53K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, labourers, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Wells Crossing is $940,000, having surged 40.3% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,053.
The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Wells Crossing offers a gross rental yield of 2.7%, rated as low yield. Property prices sit below the state median ($940K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 17.8x is considered stretched. House prices have moved +40.3% year-on-year.
Wells Crossing is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 212, the suburb has a mature demographic with a median age of 45. Households earn a median income of $53K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, labourers, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Wells Crossing is $940,000, having surged 40.3% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,053.
The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Wells Crossing offers a gross rental yield of 2.7%, rated as low yield. Property prices sit below the state median ($940K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 17.8x is considered stretched. House prices have moved +40.3% year-on-year.