Elong Elong is a quiet locality in New South Wales within the Dubbo Regional local government area (postcode 2831). With a population of 142, the suburb has an established demographic with a median age of 43. Households earn a median income of $60K per year, with an average household size of 2.4 people. The most common occupations are managers, technicians & trades, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Elong Elong is $475,000, having surged 88.5% over the past year. The median weekly rent is $250 (Census 2021). This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $867.
Public transport access includes 10 bus stops. The crime rate in the Dubbo Regional LGA is moderate at 6,959 incidents per 100,000 population.
From an investment perspective, Elong Elong offers a gross rental yield of 2.7%, rated as low yield. Property prices sit below the state median ($475K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.0x is considered moderate. House prices have moved +88.5% year-on-year.
Elong Elong is a quiet locality in New South Wales within the Dubbo Regional local government area (postcode 2831). With a population of 142, the suburb has an established demographic with a median age of 43. Households earn a median income of $60K per year, with an average household size of 2.4 people. The most common occupations are managers, technicians & trades, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Elong Elong is $475,000, having surged 88.5% over the past year. The median weekly rent is $250 (Census 2021). This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $867.
Public transport access includes 10 bus stops. The crime rate in the Dubbo Regional LGA is moderate at 6,959 incidents per 100,000 population.
From an investment perspective, Elong Elong offers a gross rental yield of 2.7%, rated as low yield. Property prices sit below the state median ($475K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.0x is considered moderate. House prices have moved +88.5% year-on-year.