Located in New South Wales within the Upper Hunter Shire local government area, Gungal is a sparsely populated locality (postcode 2333). The area has roughly 186 residents and 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. 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 machinery operators & drivers, managers, technicians & trades. Employment in the area leans toward mining and agriculture. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in Gungal stand at $790,000, having jumped by 92.7% over the last twelve months. The current median weekly rent is $550. This gives a gross rental yield of approximately 3.6%. 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 3,369 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 3.6%, which reads as moderate yield. Property prices sit below the state median ($790K/$1.5M), which can point to relative value. The price-to-income ratio of 11.4x is considered stretched. House prices have moved +92.7% year-on-year.