Located in New South Wales within the Richmond Valley local government area, West Coraki is a small, quiet locality (postcode 2471). The area has roughly 98 residents and a settled, mature resident base, with a median age of 50. Households earn a median income of $70K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.3% year-on-year at the LGA level. NSW employment has moved +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, technicians & trades, community & personal service. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Irish.
West Coraki has a median house price of $460,000, which has surged by 76.9% year-on-year. The current median weekly rent is $495. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $1,950.
Public transport access includes 3 bus stops. The crime rate in the Richmond Valley LGA is moderate at 5,127 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 5.6% (high yield). Property prices sit below the state median ($460K/$1.5M), which can point to relative value. The price-to-income ratio of 6.6x is considered moderate. House prices have moved +76.9% year-on-year. Population growth of +0.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.