Tully is a compact suburb in Queensland within the Cassowary Coast local government area (postcode 4854). With a population of 2,368, the suburb has a settled mid-life population with a median age of 38. Households earn a median income of $66K 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 +1.0% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 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 labourers, managers, technicians & trades. Employment in the area leans toward agriculture and retail trade. The top ancestries reported are Australian, English, Irish.
Median house prices in Tully sit at $450,000, little changed on a year ago. Units have a median price of $245,000 (-15.5% YoY). The current median weekly rent is $230. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,100.
Tully is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 939, which is below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Cassowary Coast LGA is moderate at 5,827 incidents per 100,000 population.
On the investment side, Tully shows a gross rental yield of approximately 2.7%, rated as low yield. Property prices sit below the state median ($450K/$1.1M), which can point to relative value. The price-to-income ratio of 6.8x is considered moderate. House prices have moved +0.0% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.