Located in New South Wales within the Shoalhaven local government area, Comerong Island is a quiet locality (postcode 2540). It is home to about 19 residents, with a more retirement-aged population and a median age of 67. Households earn a median income of $98K per year, with an average household size of 1.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. Employment in the area leans toward public admin & safety and construction. The top ancestries reported are English, Australian, Irish.
Comerong Island has a median house price of $1.3 million, holding roughly steady year-on-year. The current median weekly rent is $580. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,381.
The crime rate in the Shoalhaven LGA is below average at 3,639 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.3%, which reads as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 13.4x is considered stretched. House prices have moved +0.0% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.