Gin Gin is a quiet locality in New South Wales within the Narromine local government area (postcode 2823). With a population of 159, the suburb has an established demographic with a median age of 38. Households earn a median income of $86K per year, with an average household size of 2.6 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Gin Gin is $3.6 million, having dropped significantly 74.8% over the past year. The median weekly rent is $160 (Census 2021). This gives a gross rental yield of approximately 0.2%. The median monthly mortgage repayment is $1,142.
Public transport access includes 12 bus stops. The crime rate in the Narromine LGA is moderate at 5,846 incidents per 100,000 population.
From an investment perspective, Gin Gin offers a gross rental yield of 0.2%, rated as low yield. Property prices are above the state median ($3.6M/$1.5M), placing it in the premium segment. The price-to-income ratio of 42.1x is considered stretched. House prices have moved -74.8% year-on-year.
Gin Gin is a quiet locality in New South Wales within the Narromine local government area (postcode 2823). With a population of 159, the suburb has an established demographic with a median age of 38. Households earn a median income of $86K per year, with an average household size of 2.6 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Gin Gin is $3.6 million, having dropped significantly 74.8% over the past year. The median weekly rent is $160 (Census 2021). This gives a gross rental yield of approximately 0.2%. The median monthly mortgage repayment is $1,142.
Public transport access includes 12 bus stops. The crime rate in the Narromine LGA is moderate at 5,846 incidents per 100,000 population.
From an investment perspective, Gin Gin offers a gross rental yield of 0.2%, rated as low yield. Property prices are above the state median ($3.6M/$1.5M), placing it in the premium segment. The price-to-income ratio of 42.1x is considered stretched. House prices have moved -74.8% year-on-year.