Gurrundah is a quiet locality in New South Wales within the Upper Lachlan Shire local government area (postcode 2581). With a population of 80, the suburb has an established demographic with a median age of 41. Households earn a median income of $111K per year, with an average household size of 2.8 people. The most common occupations are managers, clerical & administrative, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Gurrundah is $478,000, having dropped significantly 80.5% over the past year. The median weekly rent is $261 (Census 2021). This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $3,250.
Public transport access includes 19 bus stops. The crime rate in the Upper Lachlan Shire LGA is low at 1,562 incidents per 100,000 population.
From an investment perspective, Gurrundah offers a gross rental yield of 2.8%, rated as low yield. Property prices sit below the state median ($478K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.3x is considered affordable. House prices have moved -80.5% year-on-year.
Gurrundah is a quiet locality in New South Wales within the Upper Lachlan Shire local government area (postcode 2581). With a population of 80, the suburb has an established demographic with a median age of 41. Households earn a median income of $111K per year, with an average household size of 2.8 people. The most common occupations are managers, clerical & administrative, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Gurrundah is $478,000, having dropped significantly 80.5% over the past year. The median weekly rent is $261 (Census 2021). This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $3,250.
Public transport access includes 19 bus stops. The crime rate in the Upper Lachlan Shire LGA is low at 1,562 incidents per 100,000 population.
From an investment perspective, Gurrundah offers a gross rental yield of 2.8%, rated as low yield. Property prices sit below the state median ($478K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.3x is considered affordable. House prices have moved -80.5% year-on-year.