Congarinni is a sparsely populated locality in New South Wales within the Nambucca Valley local government area (postcode 2447). It is home to about 365 residents, with an older-leaning population and a median age of 53. Households earn a median income of $59K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.9% 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 technicians & trades, managers, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Scottish.
The median house price in Congarinni is $495,000, having dropped significantly by 53.4% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $1,699.
Public transport access includes 3 bus stops. The crime rate in the Nambucca Valley LGA is moderate at 4,255 incidents per 100,000 population.
Looking at the investment signals, Congarinni shows a gross rental yield of approximately 5.3%, rated as high yield. Property prices sit below the state median ($495K/$1.5M), which can point to relative value. The price-to-income ratio of 8.5x is considered moderate. House prices have moved -53.4% year-on-year. Population growth of +0.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.