Marengo is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2453). With a population of 8, the suburb has a young professional demographic with a median age of 27. Households earn a median income of $65K per year, with an average household size of 3.7 people. The top ancestries reported are English, Scottish, Australian.
The median house price in Marengo is $410,000, having dropped significantly 76.9% over the past year. The current median weekly rent is $485. This gives a gross rental yield of approximately 6.2%.
The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Marengo offers a gross rental yield of 6.2%, rated as high yield. Property prices sit below the state median ($410K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.3x is considered moderate. House prices have moved -76.9% year-on-year.
Marengo is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2453). With a population of 8, the suburb has a young professional demographic with a median age of 27. Households earn a median income of $65K per year, with an average household size of 3.7 people. The top ancestries reported are English, Scottish, Australian.
The median house price in Marengo is $410,000, having dropped significantly 76.9% over the past year. The current median weekly rent is $485. This gives a gross rental yield of approximately 6.2%.
The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Marengo offers a gross rental yield of 6.2%, rated as high yield. Property prices sit below the state median ($410K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.3x is considered moderate. House prices have moved -76.9% year-on-year.