Matong (postcode 2652) is a quiet locality in New South Wales within the Coolamon local government area. With a population of 159, the suburb has a settled, mature resident base with a median age of 53. Households earn a median income of $41K per year, with an average household size of 2.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.3% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, labourers, professionals. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Matong is $172,000, having climbed sharply by 43.2% over the past year. The current median weekly rent is $365. This gives a gross rental yield of approximately 11.0%. 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 1,956 incidents per 100,000 population.
From an investment perspective, Matong shows a gross rental yield of approximately 11.0%, rated as high yield. Property prices sit below the state median ($172K/$1.5M), which can point to relative value. The price-to-income ratio of 4.2x is considered affordable. House prices have moved +43.2% year-on-year. Population growth of +2.3% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.