Cassilis NSW Property Investment
Warrumbungle · 2329 · Score: 55/100 · Hold
Cassilis Short-Term Rental (Airbnb) Market
Cassilis NSW Investment Brief
HOLD — 7.5% gross yield on a $297,500 (pending peer validation) median.
THE MARKET
Median house price in Cassilis sits at $297,500 (pending peer validation) with 42 days on market and a 3.0% vacancy rate. This is a tenant-favourable market right now.
- Median house: $297,500 (pending peer validation) | Units: $0
- Gross yield: 7.5% | Net yield: 6.0%
- 5yr price CAGR: -1.9%/yr | 3yr forecast: 0.2%/yr
- Population: 278 | Owner-occupier rate: 69% | Affluence: Below Average
- Supply pipeline: Moderate — Development activity consistent with long-term averages
RENTAL SNAPSHOT
- Vacancy: 3.0% (stable) | Rental demand: Moderate
- Median weekly rent: $430/wk | Days on market: 42 (stable)
- Tenant market — vacancy elevated, negotiate hard on rent.
SHORT-TERM RENTAL
- Median nightly rate: $602/night | Occupancy: 40%
- Estimated annual STR gross: ~$87,864/yr
- vs long-term rent: $22,360/yr (+293% STR premium — factor in higher management costs)
INFRASTRUCTURE & CATALYSTS
- No major confirmed infrastructure projects on record.
- Transport: Gulgong Station station 58.3km away
BULL CASE
If Cassilis maintains 3%+ annual growth and vacancy stays below 2.1%, median prices could reach $342,125 within 3 years with yields compressing slightly as capital values rise.
BEAR CASE
A market correction or interest rate shock could see prices in Cassilis pull back 10-15% from $297,500, with vacancy rising to 5.0% and rental yields softening as tenants gain leverage.
KEY RISKS
- Distance from CBD may limit long-term capital growth potential
COMPARABLE MARKETS
- Werris Creek (NSW): $342,492 median, 5.8% yield, 4.7% 1yr growth
- Torrington (NSW): $290,000 median, 7.2% yield, -14.7% 1yr growth
- Old Bonalbo (NSW): $308,000 median, 6.8% yield, 0.0% 1yr growth
THE PLAY
Cassilis offers balanced fundamentals but does not present an urgent buying signal. The market is in a recovery phase with moderate vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 8.0%.
- Entry range: $267,750 – $327,250
- Minimum gross yield to target: 7.8%
- Watch signal: vacancy dropping below 2% and days on market falling below 35
This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.
Gentrification Index
Growth Forecast
low confidenceBasis: National long-run average (no local data)
Suburb Metric Thresholds
Macro Environment
Macro Indicators
Cash Rate
4.35%
▲ 0.25%Cash rate as at 2026-05-06 · Credit data 2026-04
Suburb Supply & Demand
Suburb Supply Pipeline — New Dwelling Approvals
1
2020
5
2021
5
2022
9
2023
6
2025
New dwelling approvals — higher numbers mean more future supply
Socio-Economic Profile
Source: ABS Census 2021SEIFA Index · Postcode 2329
Decile 2 of 10 — High disadvantage
Population
2,138
Education (IEO)
2/10
Econ. Resources (IER)
4/10
10-Year Investment Projection
Modelled on Cassilis NSW data — rent, capital growth, tax, and depreciation over 10 years.
Pre-filled: $430/wk median rent for Cassilis. Capital growth and rent increase are editable assumptions.
Schools
In your catchment
These are the government-school zones containing this suburb centroid. Specific addresses within the suburb may fall in different catchments — confirm with the school directly.
Analyse a Property in Cassilis
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Analyse a Property →Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.