Located in New South Wales within the Clarence Valley local government area, Winegrove is a quiet locality (postcode 2460). It is home to about 28 residents, with a predominantly older resident base and a median age of 63. Households earn a median income of $44K 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 +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, labourers. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Scottish.
Median house prices in Winegrove sit at $375,000, little changed on a year ago. The current median weekly rent is $500. This gives a gross rental yield of approximately 6.9%.
Public transport access includes 1 bus stop. The crime rate in the Clarence Valley LGA is moderate at 5,045 incidents per 100,000 population.
On the investment side, Winegrove shows a gross rental yield of approximately 6.9%, rated as high yield. Property prices sit below the state median ($375K/$1.5M), which can point to relative value. The price-to-income ratio of 8.5x is considered moderate. 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.