Mayrung is a quiet locality in New South Wales within the Edward River local government area (postcode 2710). With a population of 171, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $77K per year, with an average household size of 2.9 people. The most common occupations are managers, labourers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Mayrung is $2.7 million, having declined 7.3% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 0.8%. The median monthly mortgage repayment is $772.
Public transport access includes 6 bus stops. The crime rate in the Edward River LGA is moderate at 5,647 incidents per 100,000 population.
From an investment perspective, Mayrung offers a gross rental yield of 0.8%, rated as low yield. Property prices are above the state median ($2.7M/$1.5M), placing it in the premium segment. The price-to-income ratio of 35.3x is considered stretched. House prices have moved -7.3% year-on-year.
Mayrung is a quiet locality in New South Wales within the Edward River local government area (postcode 2710). With a population of 171, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $77K per year, with an average household size of 2.9 people. The most common occupations are managers, labourers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Mayrung is $2.7 million, having declined 7.3% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 0.8%. The median monthly mortgage repayment is $772.
Public transport access includes 6 bus stops. The crime rate in the Edward River LGA is moderate at 5,647 incidents per 100,000 population.
From an investment perspective, Mayrung offers a gross rental yield of 0.8%, rated as low yield. Property prices are above the state median ($2.7M/$1.5M), placing it in the premium segment. The price-to-income ratio of 35.3x is considered stretched. House prices have moved -7.3% year-on-year.