Magometon is a quiet locality in New South Wales within the Coonamble local government area (postcode 2829). With a population of 26, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $91K per year, with an average household size of 2.4 people. The top ancestries reported are Australian, English, Scottish.
The median house price in Magometon is $11 million, having surged 1318.6% over the past year. The current median weekly rent is $320. This gives a gross rental yield of approximately 0.2%. The median monthly mortgage repayment is $4,164.
Public transport access includes 8 bus stops. The crime rate in the Coonamble LGA is higher than average at 8,783 incidents per 100,000 population.
From an investment perspective, Magometon offers a gross rental yield of 0.2%, rated as low yield. Property prices are above the state median ($10.6M/$1.5M), placing it in the premium segment. The price-to-income ratio of 116.2x is considered stretched. House prices have moved +1318.6% year-on-year.
Magometon is a quiet locality in New South Wales within the Coonamble local government area (postcode 2829). With a population of 26, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $91K per year, with an average household size of 2.4 people. The top ancestries reported are Australian, English, Scottish.
The median house price in Magometon is $11 million, having surged 1318.6% over the past year. The current median weekly rent is $320. This gives a gross rental yield of approximately 0.2%. The median monthly mortgage repayment is $4,164.
Public transport access includes 8 bus stops. The crime rate in the Coonamble LGA is higher than average at 8,783 incidents per 100,000 population.
From an investment perspective, Magometon offers a gross rental yield of 0.2%, rated as low yield. Property prices are above the state median ($10.6M/$1.5M), placing it in the premium segment. The price-to-income ratio of 116.2x is considered stretched. House prices have moved +1318.6% year-on-year.