Gungal is a quiet locality in New South Wales within the Upper Hunter Shire local government area (postcode 2333). With a population of 186, the suburb has a mature demographic with a median age of 45. Households earn a median income of $69K per year, with an average household size of 2.7 people. The most common occupations are machinery operators & drivers, managers, technicians & trades. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Gungal is $1.1 million, having dropped significantly 8.6% over the past year. The current median weekly rent is $530. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,767.
Public transport access includes 15 bus stops. The crime rate in the Upper Hunter Shire LGA is below average at 3,250 incidents per 100,000 population.
From an investment perspective, Gungal offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 16.2x is considered stretched. House prices have moved -8.6% year-on-year.
Gungal is a quiet locality in New South Wales within the Upper Hunter Shire local government area (postcode 2333). With a population of 186, the suburb has a mature demographic with a median age of 45. Households earn a median income of $69K per year, with an average household size of 2.7 people. The most common occupations are machinery operators & drivers, managers, technicians & trades. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Gungal is $1.1 million, having dropped significantly 8.6% over the past year. The current median weekly rent is $530. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,767.
Public transport access includes 15 bus stops. The crime rate in the Upper Hunter Shire LGA is below average at 3,250 incidents per 100,000 population.
From an investment perspective, Gungal offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 16.2x is considered stretched. House prices have moved -8.6% year-on-year.