Gongolgon is a quiet locality in New South Wales within the Brewarrina local government area (postcode 2839). With a population of 31, the suburb has a mature demographic with a median age of 48. Households earn a median income of $59K per year, with an average household size of 2.2 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, Chinese, Maori.
The median house price in Gongolgon is $225,000, having dropped significantly 90.9% over the past year. The median weekly rent is $160 (Census 2021). This gives a gross rental yield of approximately 3.7%.
Gongolgon is served by 1 school, including 1 combined. The average ICSEA score is 756, which is well below the national average of 1,000. Public transport access includes 2 bus stops. The crime rate in the Brewarrina LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Gongolgon offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($225K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.8x is considered affordable. House prices have moved -90.9% year-on-year.
Gongolgon is a quiet locality in New South Wales within the Brewarrina local government area (postcode 2839). With a population of 31, the suburb has a mature demographic with a median age of 48. Households earn a median income of $59K per year, with an average household size of 2.2 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, Chinese, Maori.
The median house price in Gongolgon is $225,000, having dropped significantly 90.9% over the past year. The median weekly rent is $160 (Census 2021). This gives a gross rental yield of approximately 3.7%.
Gongolgon is served by 1 school, including 1 combined. The average ICSEA score is 756, which is well below the national average of 1,000. Public transport access includes 2 bus stops. The crime rate in the Brewarrina LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Gongolgon offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($225K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.8x is considered affordable. House prices have moved -90.9% year-on-year.