Gulgong is a smaller suburb in New South Wales within the Mid-Western Regional local government area (postcode 2852). With a population of 2,680, the suburb has an established demographic with a median age of 41. Households earn a median income of $71K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, machinery operators & drivers, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Gulgong is $513,000, having dropped significantly 9.3% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $1,495.
Gulgong is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 913, which is below the national average of 1,000. Public transport access includes 74 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Mid-Western Regional LGA is below average at 3,221 incidents per 100,000 population.
From an investment perspective, Gulgong offers a gross rental yield of 5.6%, rated as high yield. Property prices sit below the state median ($513K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.2x is considered moderate. House prices have moved -9.3% year-on-year.
Gulgong is a smaller suburb in New South Wales within the Mid-Western Regional local government area (postcode 2852). With a population of 2,680, the suburb has an established demographic with a median age of 41. Households earn a median income of $71K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, machinery operators & drivers, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Gulgong is $513,000, having dropped significantly 9.3% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $1,495.
Gulgong is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 913, which is below the national average of 1,000. Public transport access includes 74 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Mid-Western Regional LGA is below average at 3,221 incidents per 100,000 population.
From an investment perspective, Gulgong offers a gross rental yield of 5.6%, rated as high yield. Property prices sit below the state median ($513K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.2x is considered moderate. House prices have moved -9.3% year-on-year.