Gulgong (postcode 2852) is a compact suburb in New South Wales within the Mid-Western Regional local government area. It is home to about 2,680 residents, with an established family demographic and a median age of 41. Households earn a median income of $71K per year, with an average household size of 2.4 people. 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 technicians & trades, machinery operators & drivers, labourers. Employment in the area leans toward mining and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Gulgong stand at $710,000, having surged by 18.3% over the last twelve months. The current median weekly rent is $400. This gives a gross rental yield of approximately 2.9%. 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 3,271 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.9%, which reads as low yield. Property prices sit below the state median ($710K/$1.5M), which can point to relative value. The price-to-income ratio of 10.0x is considered moderate. House prices have moved +18.3% year-on-year.