Derriwong is a quiet locality in New South Wales within the Forbes local government area (postcode 2877). With a population of 38, the suburb has a mature demographic with a median age of 46. Households earn a median income of $47K per year, with an average household size of 2.3 people. The most common occupations are managers, professionals, machinery operators & drivers. The top ancestries reported are Irish, Scottish, English.
The median house price in Derriwong is $425,000, having surged 15.6% over the past year. The current median weekly rent is $365. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,079.
Public transport access includes 5 bus stops. The crime rate in the Forbes LGA is moderate at 6,918 incidents per 100,000 population.
From an investment perspective, Derriwong offers a gross rental yield of 4.5%, rated as moderate yield. Property prices sit below the state median ($425K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.1x is considered moderate. House prices have moved +15.6% year-on-year.
Derriwong is a quiet locality in New South Wales within the Forbes local government area (postcode 2877). With a population of 38, the suburb has a mature demographic with a median age of 46. Households earn a median income of $47K per year, with an average household size of 2.3 people. The most common occupations are managers, professionals, machinery operators & drivers. The top ancestries reported are Irish, Scottish, English.
The median house price in Derriwong is $425,000, having surged 15.6% over the past year. The current median weekly rent is $365. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,079.
Public transport access includes 5 bus stops. The crime rate in the Forbes LGA is moderate at 6,918 incidents per 100,000 population.
From an investment perspective, Derriwong offers a gross rental yield of 4.5%, rated as moderate yield. Property prices sit below the state median ($425K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.1x is considered moderate. House prices have moved +15.6% year-on-year.