Arumpo is a quiet locality in New South Wales within the Balranald local government area (postcode 2715). With a population of 40, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $96K per year, with an average household size of 2.8 people. The top ancestries reported are English, Australian, Scottish.
The median house price in Arumpo is $1.5 million, having dropped significantly 58.9% over the past year. The current median weekly rent is $352. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $4,117.
The crime rate in the Balranald LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Arumpo offers a gross rental yield of 1.2%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 15.7x is considered stretched. House prices have moved -58.9% year-on-year.
Arumpo is a quiet locality in New South Wales within the Balranald local government area (postcode 2715). With a population of 40, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $96K per year, with an average household size of 2.8 people. The top ancestries reported are English, Australian, Scottish.
The median house price in Arumpo is $1.5 million, having dropped significantly 58.9% over the past year. The current median weekly rent is $352. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $4,117.
The crime rate in the Balranald LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Arumpo offers a gross rental yield of 1.2%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 15.7x is considered stretched. House prices have moved -58.9% year-on-year.