Conargo is a quiet locality in New South Wales within the Edward River local government area (postcode 2710). With a population of 117, the suburb has a mature demographic with a median age of 48. Households earn a median income of $69K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% 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. The most common occupations are managers, labourers, community & personal service. Employment in the area leans toward agriculture and public admin & safety. The top ancestries reported are English, Australian, Scottish.
The median house price in Conargo is $215,000, having fallen sharply by 34% over the past year. The current median weekly rent is $388. This gives a gross rental yield of approximately 9.4%. The median monthly mortgage repayment is $1,500.
Conargo is served by 1 school, including 1 primary. The average ICSEA score is 874, which is well below the national average of 1,000. Public transport access includes 2 bus stops. The crime rate in the Edward River LGA is moderate at 5,635 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 9.4%, which reads as high yield. Property prices sit below the state median ($215K/$1.5M), which can point to relative value. The price-to-income ratio of 3.1x is considered affordable. House prices have moved -34.0% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.