Kooragang is a quiet locality in New South Wales within the Newcastle local government area (postcode 2304). With a population of 4, the suburb has an established demographic with a median age of 40. Households earn a median income of $117K per year, with an average household size of 1 people.
The median house price in Kooragang is $17 million, having surged 103.3% over the past year. The current median weekly rent is $455. This gives a gross rental yield of approximately 0.1%.
Public transport access includes 2 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Kooragang offers a gross rental yield of 0.1%, rated as low yield. Property prices are above the state median ($17.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 145.3x is considered stretched. House prices have moved +103.3% year-on-year.
Kooragang is a quiet locality in New South Wales within the Newcastle local government area (postcode 2304). With a population of 4, the suburb has an established demographic with a median age of 40. Households earn a median income of $117K per year, with an average household size of 1 people.
The median house price in Kooragang is $17 million, having surged 103.3% over the past year. The current median weekly rent is $455. This gives a gross rental yield of approximately 0.1%.
Public transport access includes 2 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Kooragang offers a gross rental yield of 0.1%, rated as low yield. Property prices are above the state median ($17.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 145.3x is considered stretched. House prices have moved +103.3% year-on-year.