Errowanbang is a quiet locality in New South Wales within the Blayney local government area (postcode 2791). With a population of 52, the suburb has an established demographic with a median age of 43. Households earn a median income of $95K per year, with an average household size of 2.2 people. The most common occupations are managers, professionals, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Errowanbang is $975,000, having dropped significantly 85.3% over the past year. The current median weekly rent is $700. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $2,450.
The crime rate in the Blayney LGA is below average at 2,047 incidents per 100,000 population.
From an investment perspective, Errowanbang offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($975K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.2x is considered stretched. House prices have moved -85.3% year-on-year.
Errowanbang is a quiet locality in New South Wales within the Blayney local government area (postcode 2791). With a population of 52, the suburb has an established demographic with a median age of 43. Households earn a median income of $95K per year, with an average household size of 2.2 people. The most common occupations are managers, professionals, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Errowanbang is $975,000, having dropped significantly 85.3% over the past year. The current median weekly rent is $700. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $2,450.
The crime rate in the Blayney LGA is below average at 2,047 incidents per 100,000 population.
From an investment perspective, Errowanbang offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($975K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.2x is considered stretched. House prices have moved -85.3% year-on-year.