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Leeton NSW – A Regional Town Balancing Affordability and Risk

Strong agricultural roots, improving demand, but still limited by its small-town scale.

Suburb Details:

Suburb

State

Postcode

Leeton

New South Wales

2705

This week we take a look at Leeton, a small but important regional hub in the Riverina. Known for its strong agricultural base and food manufacturing sector, Leeton presents an interesting case for property investors. With affordable entry points, falling stock levels and some signs of rising demand, the town offers potential. But as always with smaller regional centres, there are risks that need careful consideration.

Key Data Metrics ➕ 

Metric

Actual

Trending

Days On Market

58

Trending Down

Stock On Market

0.13%

Trending Down

Vacancy Rate

1.06%

Trending Down

Gross Rental Yield

~5.19%

Steady

3 Year Price Growth

6.60%

Trending Up

10 Year Price Growth

9.9%

Trending Up

Proportion Of Renters

31%

Flat

Current Population

9,170

Steady

*Note: Data derived from either DSR, Suburbs Finder or HTAG depending on reliability and availability of metrics. This is only a guide and best to cross-reference with other sources.

Location & Infrastructure 🗺️ 

Leeton is located in the Riverina region of NSW, around 550 kilometres west of Sydney and 450 kilometres north of Melbourne. The town is well connected by road and rail, with freight lines servicing agricultural exports. Wagga Wagga Airport, around 1.5 hours away, provides domestic flights. Infrastructure in the town supports its agricultural base, with irrigation networks, processing facilities and transport links underpinning its economic activity. Local amenities include schools, health services and retail, making it a practical base for families and workers in the region.

Economic Diversity & Jobs 💵 

Leeton’s economy is underpinned by agriculture, particularly citrus, wine grapes and rice production, with the town part of the Murrumbidgee Irrigation Area. It is also home to the SunRice Group’s global headquarters, employing hundreds of locals, and supports a strong manufacturing base in food processing. The wider Leeton Shire supports around 5,000 jobs, with agriculture and manufacturing making up over 40% of employment. While this concentration provides stability, it does mean the economy is moderately exposed to fluctuations in global commodity markets.

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Example Property 🏚️ 

Metric

Address

76 Currawang Ave, Leeton, NSW 2705

Purchase Price

$535,000

Stamp Duty

<$20,000

10% Deposit

$53,500

Expected Rental Price

$500/Week

Expected Rental Yield

4.8%

*Note: These calculations are purely estimations, but overall numbers will vary depending on your deposit, interest rates and other factors.

Pro’s Of Investing In Leeton ✅ 
  • Great affordability, with many properties under 30 years old

  • Low RO ratio, offering value against income levels

  • Falling stock levels creating tighter supply conditions

  • Increasing demand improving the short to medium-term outlook

Con’s Of Investing In Leeton ❌ 
  • Small regional town with smaller population base.

  • Economic reliance on agriculture and food manufacturing industries

  • High 10 year growth average at 9.9% (p.a)

My Opinion🤔

Leeton combines affordability and economic stability through its agricultural and manufacturing industries, but it remains a small town with limitations on growth. For investors, it may suit a long-term affordable hold with some potential upside as demand trends improve. However, the reliance on a few key industries and its smaller population size means it should be approached with caution and balanced within a wider portfolio.

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Disclaimer: The information provided in this article is for educational and informational purposes only. It is not intended as financial, legal, or professional advice. Always do your own research and consult with a qualified professional before making any decisions. The opinions expressed here are solely those of the speaker and do not reflect the opinions or views of any other organisation. By using this information, you agree that the creator of this content is not responsible for any financial or other losses you might incur.

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