Cawongla is a quiet locality in New South Wales within the Kyogle local government area (postcode 2474). With a population of 204, the suburb has an older demographic with a median age of 57. Households earn a median income of $42K per year, with an average household size of 1.9 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Cawongla is $615,000, having dropped significantly 18% over the past year. The current median weekly rent is $925. This gives a gross rental yield of approximately 7.8%. The median monthly mortgage repayment is $1,528.
Public transport access includes 19 bus stops. The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, Cawongla offers a gross rental yield of 7.8%, rated as high yield. Property prices sit below the state median ($615K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.5x is considered stretched. House prices have moved -18.0% year-on-year.
Cawongla is a quiet locality in New South Wales within the Kyogle local government area (postcode 2474). With a population of 204, the suburb has an older demographic with a median age of 57. Households earn a median income of $42K per year, with an average household size of 1.9 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Cawongla is $615,000, having dropped significantly 18% over the past year. The current median weekly rent is $925. This gives a gross rental yield of approximately 7.8%. The median monthly mortgage repayment is $1,528.
Public transport access includes 19 bus stops. The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, Cawongla offers a gross rental yield of 7.8%, rated as high yield. Property prices sit below the state median ($615K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.5x is considered stretched. House prices have moved -18.0% year-on-year.