Grong Grong is a quiet locality in New South Wales within the Narrandera local government area (postcode 2652). With a population of 287, the suburb has an established demographic with a median age of 40. Households earn a median income of $72K per year, with an average household size of 2.5 people. The most common occupations are managers, labourers, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Grong Grong is $1.1 million, having surged 793.5% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $638.
Public transport access includes 26 bus stops. The crime rate in the Narrandera LGA is moderate at 6,594 incidents per 100,000 population.
From an investment perspective, Grong Grong offers a gross rental yield of 2.2%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 14.9x is considered stretched. House prices have moved +793.5% year-on-year.
Grong Grong is a quiet locality in New South Wales within the Narrandera local government area (postcode 2652). With a population of 287, the suburb has an established demographic with a median age of 40. Households earn a median income of $72K per year, with an average household size of 2.5 people. The most common occupations are managers, labourers, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Grong Grong is $1.1 million, having surged 793.5% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $638.
Public transport access includes 26 bus stops. The crime rate in the Narrandera LGA is moderate at 6,594 incidents per 100,000 population.
From an investment perspective, Grong Grong offers a gross rental yield of 2.2%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 14.9x is considered stretched. House prices have moved +793.5% year-on-year.