Grong Grong is a sparsely populated locality in New South Wales within the Narrandera local government area (postcode 2652). With a population of 287, the suburb has a settled mid-life population with a median age of 40. Households earn a median income of $72K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.4% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, labourers, clerical & administrative. Employment in the area leans toward agriculture and public admin & safety. The top ancestries reported are Australian, English, Irish.
Median house prices in Grong Grong stand at $245,000, having surged by 42.3% over the last twelve months. The current median weekly rent is $365. This gives a gross rental yield of approximately 7.7%. The median monthly mortgage repayment is $638.
Public transport access includes 26 bus stops. The crime rate in the Narrandera LGA is moderate at 6,588 incidents per 100,000 population.
On the investment side, Grong Grong shows a gross rental yield of approximately 7.7%, rated as high yield. Property prices sit below the state median ($245K/$1.5M), which can point to relative value. The price-to-income ratio of 3.4x is considered affordable. House prices have moved +42.3% year-on-year. Population growth of +0.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.