Cargo is a small community in New South Wales within the Cabonne local government area (postcode 2800). With a population of 562, the suburb has an established demographic with a median age of 38. Households earn a median income of $104K per year, with an average household size of 2.8 people. The most common occupations are managers, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Cargo is $280,000, having dropped significantly 52.5% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 10.2%. The median monthly mortgage repayment is $1,602.
Cargo is served by 1 school, including 1 primary. The average ICSEA score is 764, which is well below the national average of 1,000. Public transport access includes 35 bus stops. The crime rate in the Cabonne LGA is low at 1,856 incidents per 100,000 population.
From an investment perspective, Cargo offers a gross rental yield of 10.2%, rated as high yield. Property prices sit below the state median ($280K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.7x is considered affordable. House prices have moved -52.5% year-on-year.
Cargo is a small community in New South Wales within the Cabonne local government area (postcode 2800). With a population of 562, the suburb has an established demographic with a median age of 38. Households earn a median income of $104K per year, with an average household size of 2.8 people. The most common occupations are managers, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Cargo is $280,000, having dropped significantly 52.5% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 10.2%. The median monthly mortgage repayment is $1,602.
Cargo is served by 1 school, including 1 primary. The average ICSEA score is 764, which is well below the national average of 1,000. Public transport access includes 35 bus stops. The crime rate in the Cabonne LGA is low at 1,856 incidents per 100,000 population.
From an investment perspective, Cargo offers a gross rental yield of 10.2%, rated as high yield. Property prices sit below the state median ($280K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.7x is considered affordable. House prices have moved -52.5% year-on-year.