Located in New South Wales within the Clarence Valley local government area, Yamba is a mid-sized suburb (postcode 2464). With a population of 6,405, the suburb has a more retirement-aged population with a median age of 57. Households earn a median income of $58K per year, with an average household size of 2.1 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 professionals, technicians & trades, community & personal service. Employment in the area leans toward accommodation & food and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Yamba is $800,000, having fallen sharply by 13.3% over the past year. Units have a median price of $760,000 (+9.4% YoY). The current median weekly rent is $645. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,630.
Yamba is served by 2 schools, including 2 primary. The average ICSEA score is 1026, which is around the national average of 1,000. Public transport access includes 1 ferry wharf, 29 bus stops. The crime rate in the Clarence Valley LGA is moderate at 5,045 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 4.2%, which reads as moderate yield. Property prices sit below the state median ($800K/$1.5M), which can point to relative value. The price-to-income ratio of 13.9x is considered stretched. House prices have moved -13.3% 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.