Gangat is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2422). With a population of 40, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $72K per year, with an average household size of 3 people. The most common occupations are technicians & trades, machinery operators & drivers, community & personal service. The top ancestries reported are Australian, Scottish, English.
The median house price in Gangat is $770,000, having remained flat 0% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $2,344.
Public transport access includes 3 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Gangat offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($770K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.8x is considered stretched. House prices have moved +0.0% year-on-year.
Gangat is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2422). With a population of 40, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $72K per year, with an average household size of 3 people. The most common occupations are technicians & trades, machinery operators & drivers, community & personal service. The top ancestries reported are Australian, Scottish, English.
The median house price in Gangat is $770,000, having remained flat 0% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $2,344.
Public transport access includes 3 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Gangat offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($770K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.8x is considered stretched. House prices have moved +0.0% year-on-year.