Corang is a quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2622). With a population of 4, the suburb has an older demographic with a median age of 68. Households earn a median income of $21K per year, with an average household size of 1.5 people.
The median house price in Corang is $243,000, having dropped significantly 82.7% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 11.3%.
Public transport access includes 3 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,796 incidents per 100,000 population.
From an investment perspective, Corang offers a gross rental yield of 11.3%, rated as high yield. Property prices sit below the state median ($243K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.7x is considered stretched. House prices have moved -82.7% year-on-year.
Corang is a quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2622). With a population of 4, the suburb has an older demographic with a median age of 68. Households earn a median income of $21K per year, with an average household size of 1.5 people.
The median house price in Corang is $243,000, having dropped significantly 82.7% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 11.3%.
Public transport access includes 3 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,796 incidents per 100,000 population.
From an investment perspective, Corang offers a gross rental yield of 11.3%, rated as high yield. Property prices sit below the state median ($243K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.7x is considered stretched. House prices have moved -82.7% year-on-year.