Marlo Merrican is a quiet locality in New South Wales within the Port Macquarie-Hastings local government area (postcode 2441). With a population of 60, the suburb has an established demographic with a median age of 43. Households earn a median income of $49K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, labourers. The top ancestries reported are Australian, Irish, Aboriginal Australian.
The median house price in Marlo Merrican is $830,000, having dipped slightly 2.4% over the past year. The current median weekly rent is $528. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,625.
Public transport access includes 1 bus stop. The crime rate in the Port Macquarie-Hastings LGA is below average at 3,538 incidents per 100,000 population.
From an investment perspective, Marlo Merrican offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($830K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 16.8x is considered stretched. House prices have moved -2.4% year-on-year.
Marlo Merrican is a quiet locality in New South Wales within the Port Macquarie-Hastings local government area (postcode 2441). With a population of 60, the suburb has an established demographic with a median age of 43. Households earn a median income of $49K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, labourers. The top ancestries reported are Australian, Irish, Aboriginal Australian.
The median house price in Marlo Merrican is $830,000, having dipped slightly 2.4% over the past year. The current median weekly rent is $528. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,625.
Public transport access includes 1 bus stop. The crime rate in the Port Macquarie-Hastings LGA is below average at 3,538 incidents per 100,000 population.
From an investment perspective, Marlo Merrican offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($830K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 16.8x is considered stretched. House prices have moved -2.4% year-on-year.