Yetman is a small, quiet locality in New South Wales within the Inverell local government area (postcode 2410). The area has roughly 187 residents and a settled, mature resident base, with a median age of 48. Households earn a median income of $56K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% 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, machinery operators & drivers. Employment in the area leans toward agriculture and transport & logistics. The top ancestries reported are Australian, English, Irish.
The median house price in Yetman is $165,000, having jumped by 125.4% over the past year. The median weekly rent is $150 (Census 2021). This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $625.
Yetman is served by 1 school, including 1 primary. The average ICSEA score is 1022, which is around the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Inverell LGA is moderate at 5,178 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 4.7%, which reads as moderate yield. Property prices sit below the state median ($165K/$1.5M), which can point to relative value. The price-to-income ratio of 3.0x is considered affordable. House prices have moved +125.4% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.