Gowang is a quiet locality in New South Wales within the Warrumbungle Shire local government area (postcode 2357). With a population of 27, the suburb has an older demographic with a median age of 58. Households earn a median income of $40K per year, with an average household size of 1.6 people. The most common occupations are managers, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Gowang is $3.5 million, having surged 133.3% over the past year. The current median weekly rent is $360. This gives a gross rental yield of approximately 0.5%. The median monthly mortgage repayment is $434.
Public transport access includes 5 bus stops. The crime rate in the Warrumbungle Shire LGA is moderate at 5,613 incidents per 100,000 population.
From an investment perspective, Gowang offers a gross rental yield of 0.5%, rated as low yield. Property prices are above the state median ($3.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 88.3x is considered stretched. House prices have moved +133.3% year-on-year.
Gowang is a quiet locality in New South Wales within the Warrumbungle Shire local government area (postcode 2357). With a population of 27, the suburb has an older demographic with a median age of 58. Households earn a median income of $40K per year, with an average household size of 1.6 people. The most common occupations are managers, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Gowang is $3.5 million, having surged 133.3% over the past year. The current median weekly rent is $360. This gives a gross rental yield of approximately 0.5%. The median monthly mortgage repayment is $434.
Public transport access includes 5 bus stops. The crime rate in the Warrumbungle Shire LGA is moderate at 5,613 incidents per 100,000 population.
From an investment perspective, Gowang offers a gross rental yield of 0.5%, rated as low yield. Property prices are above the state median ($3.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 88.3x is considered stretched. House prices have moved +133.3% year-on-year.