Matong is a quiet locality in New South Wales within the Coolamon local government area (postcode 2652). With a population of 159, the suburb has a mature demographic with a median age of 53. Households earn a median income of $41K per year, with an average household size of 2.2 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Matong is $305,000, having surged 25.6% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 7.7%. The median monthly mortgage repayment is $542.
Matong is served by 1 school, including 1 primary. The average ICSEA score is 961, which is around the national average of 1,000. Public transport access includes 14 bus stops. The crime rate in the Coolamon LGA is low at 1,929 incidents per 100,000 population.
From an investment perspective, Matong offers a gross rental yield of 7.7%, rated as high yield. Property prices sit below the state median ($305K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.5x is considered moderate. House prices have moved +25.6% year-on-year.
Matong is a quiet locality in New South Wales within the Coolamon local government area (postcode 2652). With a population of 159, the suburb has a mature demographic with a median age of 53. Households earn a median income of $41K per year, with an average household size of 2.2 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Matong is $305,000, having surged 25.6% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 7.7%. The median monthly mortgage repayment is $542.
Matong is served by 1 school, including 1 primary. The average ICSEA score is 961, which is around the national average of 1,000. Public transport access includes 14 bus stops. The crime rate in the Coolamon LGA is low at 1,929 incidents per 100,000 population.
From an investment perspective, Matong offers a gross rental yield of 7.7%, rated as high yield. Property prices sit below the state median ($305K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.5x is considered moderate. House prices have moved +25.6% year-on-year.