Cudgegong is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). With a population of 66, the suburb has a mature demographic with a median age of 51. Households earn a median income of $88K per year, with an average household size of 2.4 people. The most common occupations are managers, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Cudgegong is $528,000, having dropped significantly 68% over the past year. The current median weekly rent is $615. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $2,275.
Public transport access includes 6 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,221 incidents per 100,000 population.
From an investment perspective, Cudgegong offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($528K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.0x is considered moderate. House prices have moved -68.0% year-on-year.
Cudgegong is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). With a population of 66, the suburb has a mature demographic with a median age of 51. Households earn a median income of $88K per year, with an average household size of 2.4 people. The most common occupations are managers, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Cudgegong is $528,000, having dropped significantly 68% over the past year. The current median weekly rent is $615. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $2,275.
Public transport access includes 6 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,221 incidents per 100,000 population.
From an investment perspective, Cudgegong offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($528K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.0x is considered moderate. House prices have moved -68.0% year-on-year.