Located in New South Wales within the Mid-Western Regional local government area, Erudgere is a sparsely populated locality (postcode 2850). With a population of 108, the suburb has a settled mid-life population with a median age of 38. Households earn a median income of $145K per year, with an average household size of 3.3 people. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are community & personal service, professionals, machinery operators & drivers. Employment in the area leans toward mining and manufacturing. The top ancestries reported are Australian, English, Irish.
The median house price in Erudgere is $830,000, having surged by 112.8% over the past year. The current median weekly rent is $590. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,930.
Public transport access includes 10 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 3.7% (moderate yield). Property prices sit below the state median ($830K/$1.5M), which can point to relative value. The price-to-income ratio of 5.7x is considered affordable. House prices have moved +112.8% year-on-year.