Hanging Rock is a quiet locality in New South Wales within the Tamworth Regional local government area (postcode 2340). With a population of 98, the suburb has an older demographic with a median age of 58. Households earn a median income of $44K per year, with an average household size of 1.9 people. The most common occupations are managers, professionals, sales. The top ancestries reported are English, Australian, Scottish.
The median house price in Hanging Rock is $718,000, having surged 176% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $778.
Public transport access includes 5 bus stops. The crime rate in the Tamworth Regional LGA is moderate at 6,745 incidents per 100,000 population.
From an investment perspective, Hanging Rock offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($718K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 16.3x is considered stretched. House prices have moved +176.0% year-on-year.
Hanging Rock is a quiet locality in New South Wales within the Tamworth Regional local government area (postcode 2340). With a population of 98, the suburb has an older demographic with a median age of 58. Households earn a median income of $44K per year, with an average household size of 1.9 people. The most common occupations are managers, professionals, sales. The top ancestries reported are English, Australian, Scottish.
The median house price in Hanging Rock is $718,000, having surged 176% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $778.
Public transport access includes 5 bus stops. The crime rate in the Tamworth Regional LGA is moderate at 6,745 incidents per 100,000 population.
From an investment perspective, Hanging Rock offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($718K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 16.3x is considered stretched. House prices have moved +176.0% year-on-year.