Yarrowitch (postcode 2354) is a sparsely populated locality in New South Wales within the Walcha local government area. It is home to about 171 residents, with a mature demographic and a median age of 52. Households earn a median income of $47K per year, with an average household size of 2 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 +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 managers, labourers, professionals. Employment in the area leans toward agriculture and wholesale trade. The top ancestries reported are Australian, English, Scottish.
Median house prices in Yarrowitch stand at $90,000, having dropped significantly by 38.8% over the last twelve months. The current median weekly rent is $318. This gives a gross rental yield of approximately 18.4%. The median monthly mortgage repayment is $217.
Yarrowitch is served by 1 school, including 1 primary. Public transport access includes 3 bus stops. The crime rate in the Walcha LGA is low at 0 incidents per 100,000 population.
Looking at the investment signals, Yarrowitch shows a gross rental yield of approximately 18.4%, rated as high yield. Property prices sit below the state median ($90K/$1.5M), which can point to relative value. The price-to-income ratio of 1.9x is considered affordable. House prices have moved -38.8% year-on-year. Population growth of -0.3% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.