Yelgun is a small, quiet locality in New South Wales within the Byron local government area (postcode 2483). The area has roughly 88 residents and a mature demographic, with a median age of 52. Households earn a median income of $70K per year, with an average household size of 2.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% 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, community & personal service, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Yelgun is $815,000, broadly unchanged over the past year. The current median weekly rent is $740. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,463.
The crime rate in the Byron LGA is moderate at 4,232 incidents per 100,000 population.
Looking at the investment signals, Yelgun shows a gross rental yield of approximately 4.7%, rated as moderate yield. Property prices sit below the state median ($815K/$1.5M), which can point to relative value. The price-to-income ratio of 11.7x is considered stretched. House prices have moved +0.0% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.