Gundagai is a small community in New South Wales within the Cootamundra-Gundagai Regional local government area (postcode 2722). With a population of 1,699, the suburb has a mature demographic with a median age of 45. Households earn a median income of $64K per year, with an average household size of 2.3 people. The most common occupations are labourers, managers, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Gundagai is $430,000, having dropped significantly 10.4% over the past year. Units have a median price of $338,000 (+22.9% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 7.3%. The median monthly mortgage repayment is $1,211.
Gundagai is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 960, which is around the national average of 1,000. Public transport access includes 1 rail station, 58 bus stops. Healthcare facilities include 1 public hospital.
From an investment perspective, Gundagai offers a gross rental yield of 7.3%, rated as high yield. Property prices sit below the state median ($430K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.8x is considered moderate. House prices have moved -10.4% year-on-year.
Gundagai is a small community in New South Wales within the Cootamundra-Gundagai Regional local government area (postcode 2722). With a population of 1,699, the suburb has a mature demographic with a median age of 45. Households earn a median income of $64K per year, with an average household size of 2.3 people. The most common occupations are labourers, managers, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Gundagai is $430,000, having dropped significantly 10.4% over the past year. Units have a median price of $338,000 (+22.9% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 7.3%. The median monthly mortgage repayment is $1,211.
Gundagai is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 960, which is around the national average of 1,000. Public transport access includes 1 rail station, 58 bus stops. Healthcare facilities include 1 public hospital.
From an investment perspective, Gundagai offers a gross rental yield of 7.3%, rated as high yield. Property prices sit below the state median ($430K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.8x is considered moderate. House prices have moved -10.4% year-on-year.