Grenfell
At a median house price of $340,000, Grenfell sits well below the NSW state average, yet 52.7% of residents own their homes outright, a level that signals long-term stability rather than a transient renter market. The town covers 877 square kilometres at a density of just 3.0 people per km2, placing it firmly in the agricultural belt of central-western NSW. Household income ranks in the 12.6th percentile nationally, and the IRSAD decile of 3 confirms the lower-advantage profile compared to urban centres. The median age of 54 is 14 years above the national figure, the single most distinctive demographic marker here.
Population
2,600
Median Age
54.0
Household IncomeiMedian weekly household income (ABS Census)
$991/wk
DAs (12 months)iDevelopment Applications lodged in the past year
53
Median House
$340K
2024-2025 (PSI derived)
The $340,000 median house price is the starting point for buyers, and prices moved from $292,500 in 2024 to $350,000 in 2025, a 19.7% rise over one year. Monthly mortgage repayments average $1,083, and the mortgage-to-income ratio of 25.2% sits below the 30% stress threshold, making repayments manageable compared to most NSW markets. Detached housing dominates at 92.1% of stock, with three-bedroom homes the most common at 42.7% and four-plus bedroom homes making up 32.3%. Buyers entering this market are competing for a supply that is predominantly owner-occupied, as 52.7% of dwellings are outright-owned and only 21.7% are rented, leaving limited resale churn and fewer mortgaged properties than the national average.
For Buyers
The $340,000 median house price is the starting point for buyers, and prices moved from $292,500 in 2024 to $350,000 in 2025, a 19.7% rise over one year. Monthly mortgage repayments average $1,083, and the mortgage-to-income ratio of 25.2% sits below the 30% stress threshold, making repayments manageable compared to most NSW markets. Detached housing dominates at 92.1% of stock, with three-bedroom homes the most common at 42.7% and four-plus bedroom homes making up 32.3%. Buyers entering this market are competing for a supply that is predominantly owner-occupied, as 52.7% of dwellings are outright-owned and only 21.7% are rented, leaving limited resale churn and fewer mortgaged properties than the national average.
For Investors
A 21.7% renter share and weekly rent of $200 produce a gross yield of roughly 3.1% against the $340,000 median, higher than most capital city markets. The vacancy rate of 13.8% is elevated, indicating real slack in demand and requiring patience before tenanting. Development activity shows 49 applications in the past 12 months, mostly rural structures, reflecting agricultural rather than residential growth pressure. Net overseas migration averages 18 persons a year while net internal migration runs at minus 11, a balanced but thin flow. Population is declining at minus 0.28% annually, so capital growth will depend on price-to-income compression rather than demand expansion. The investment case is yield-oriented rather than growth-oriented when compared to regional centres with stronger migration inflows.
Development Activity
Total DAs
232
Last 12 Months
53
YoY ChangeiYear-over-year change in DA lodgements
+47.2%
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in Grenfell iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
St Joseph's Primary School
K-6 · 47 students
Grenfell Public School
K-6 · 173 students
The Henry Lawson High School
7-12 · 178 students
Demographics
The median age of 54 stands 14 years above the national figure, making Grenfell one of the older rural towns by this measure. The senior share grew 6.5 points over the decade while the working-age share fell 3.1 points, a consistent aging trajectory. Overseas-born residents are 6.4%, which is 15.2 percentage points below the national rate, reflecting the low-migration character typical of inland agricultural towns. Ancestry is predominantly Anglo-Celtic: English (1,220), Irish (323) and Scottish (249) are the three largest groups. University qualifications reach 16.7%, which is 13.4 points below national, consistent with a workforce concentrated in trade and agricultural occupations. Average household size of 2.1 is 0.4 below national, partly because couples without children make up 39.5% of families.
Age Distribution
Bedrooms
Dwelling Structure
92.1%
Houses
3.1%
Townhouse
4.1%
Apartment
Tenure
Ownership structure in Grenfell skews heavily toward outright owners: 52.7% hold their home with no mortgage, 25.6% carry a mortgage and only 21.7% rent. This compares to national renter rates that typically exceed 30%, confirming that long-term residents rather than speculative buyers dominate the market. Separate houses account for 92.1% of all dwellings, with apartments at 4.1% and semi-detached at 3.1%. The bedroom split centres on three-bedroom homes (42.7%) and four-plus bedroom homes (32.3%). Prices moved from $292,500 in 2024 to $350,000 in 2025, a 19.7% rise, though this covers only one year of data and the thin transaction volume in small towns can distort short-term figures. Mortgage repayments average $1,083 monthly against a household income placing Grenfell in the 12.6th income percentile nationally.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$1,083
Rent / wk
$200
HH Size
2.1
Personal Income / wk
$554
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
13.8%
Unoccupied
179
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
20.2%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
25.2%
Community Profile
Ancestry
Household Composition
39.5%
Couples, no children
1,835
Total families
Economy & Employment
Agriculture is the anchor industry at 21.8% of jobs (129 workers), consistent with the broad rural land use across 877 square kilometres. Healthcare follows at 16.2% (96 workers) and Education at 12.1% (72 workers), together forming the public-service employment base typical of a regional service town. Public Administration adds 11.0% (65 workers) and Construction 9.3% (55 workers). By occupation, Managers lead at 220 workers, ahead of Labourers (146) and Professionals (132). The unemployment rate is 5.5% and the full-time employment rate is 62.0%, but the participation rate of 44.7% is low relative to national benchmarks because the aging population leaves 1,020 residents outside the labour force. The IRSAD decile of 3 and IRSD decile of 3 both indicate below-average socio-economic advantage compared to the state.
Unemployment
3.0%
Labour Force
1,790
Unemployed
54
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
62.0%
Part-time
32.5%
Participation
44.7%
Employed
940
Occupations
Top Industries
University
16.7%
Postgraduate
2.4%
Born Overseas
6.4%
Dwellings
1,120
Transport to Work
Car dependence is high at 82.1% of commuters driving, while 10.7% walk or cycle, a figure above the national rural average because the compact town centre keeps many destinations within walking distance. Crime statistics are not available for Grenfell in this dataset, so the SEIFA indexes serve as a proxy: the IRSAD decile of 3 places the suburb in the lower-advantage tier nationally, below average compared to NSW overall. Volunteering reaches 24.9% of the eligible population, notably high and consistent with the strong community participation typically seen in established rural towns. Housing stress is low: rent-to-income sits at 20.2% and mortgage-to-income at 25.2%, both below the 30% stress threshold. The need-assistance rate of 8.8% (214 residents) is above average relative to national figures, partly because the older median age of 54 means a higher share of residents require daily support.
Drive
82.1%
Public Transport
N/A
Walk / Cycle
10.7%
Work from Home
N/A
Population Forecast
-0.28%/yr
(-10 people/yr)
EstablishedGrenfell's population declined 1.4% over the past decade, and the current trend of minus 0.28% annually translates to roughly minus 10 persons per year. Historical data shows the population fell from 3,599 in 2023 to 3,549 in 2025. Medium forecasts project a further fall to approximately 3,503 by 2031. Net internal migration averages minus 11 per year, meaning more residents are leaving for other parts of Australia than arriving, while overseas migration of 18 per year provides a partial offset. The gentrification score is effectively absent, as the suburb is not on a trajectory of socio-economic uplift. Rent grew 65% over the measured period while real incomes grew 22.1%, a divergence that has worsened affordability from 31.3% in 2011 to 34.4% in 2021, higher than the base but still below most coastal NSW towns.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Balanced
Net Overseas / yr
+18
Net Internal / yr
-11
Gentrification Signal
Not gentrifying
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Grenfell compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Grenfell a good suburb to live in?
Grenfell offers low housing costs, with a $340,000 median house price and mortgage repayments averaging $1,083 per month, well below the 30% stress threshold. Housing stress is minimal: rent-to-income is 20.2% and mortgage-to-income is 25.2%. The trade-offs are a lower-advantage IRSAD decile of 3 and household income ranking in only the 12.6th percentile nationally.
What is the median house price in Grenfell?
The median house price is $340,000 as of 2024-2025. Prices rose 19.7% from $292,500 in 2024 to $350,000 in 2025, though the thin transaction volume in a small town can amplify short-term swings. Weekly rent averages $200 and monthly mortgage repayments average $1,083.
What schools are in Grenfell?
No schools are recorded inside the Grenfell boundary in this dataset. University qualifications among residents reach 16.7%, which is 13.4 percentage points below the national figure, consistent with a workforce that historically entered trade and agricultural occupations rather than higher education pathways.
Is Grenfell safe?
Detailed crime statistics are not available for Grenfell in this dataset. As a proxy measure, the suburb scores IRSAD decile 3 and IRSD decile 3, both in the lower-advantage tier nationally. The volunteering rate of 24.9% indicates strong community engagement, which research consistently links to lower social isolation and better local safety outcomes.
Is Grenfell good for property investment?
Weekly rent of $200 against a $340,000 median implies a gross yield near 3.1%, higher than most capital city markets. The concern is the vacancy rate of 13.8%, which is elevated, and a population declining at minus 0.28% annually. With 49 development applications in the past 12 months and net internal migration of minus 11 per year, the investment case is yield-focused rather than capital growth-driven.
How is Grenfell's population changing?
Population fell from 3,599 in 2023 to 3,549 in 2025 and is projected to reach approximately 3,503 by 2031 under medium forecasts. The annual decline rate is minus 0.28%, or roughly minus 10 persons per year. Net internal migration averages minus 11 per year, partially offset by net overseas migration of plus 18 per year.
How much development is happening in Grenfell?
There were 49 development applications lodged in the past 12 months. Most are rural structures such as sheds or minor works rather than residential dwellings, consistent with the agricultural character of the 877 square kilometre area. This level of activity is moderate for a town of 2,600 residents.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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