Medway is a quiet locality in New South Wales within the Wingecarribee local government area (postcode 2577). With a population of 143, the suburb has a mature demographic with a median age of 47. Households earn a median income of $99K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, clerical & administrative, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Medway is $1.3 million, having surged 15.6% over the past year. The current median weekly rent is $700. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,863.
Public transport access includes 1 rail station, 7 bus stops. The crime rate in the Wingecarribee LGA is low at 1,458 incidents per 100,000 population.
From an investment perspective, Medway offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 13.2x is considered stretched. House prices have moved +15.6% year-on-year.
Medway is a quiet locality in New South Wales within the Wingecarribee local government area (postcode 2577). With a population of 143, the suburb has a mature demographic with a median age of 47. Households earn a median income of $99K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, clerical & administrative, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Medway is $1.3 million, having surged 15.6% over the past year. The current median weekly rent is $700. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,863.
Public transport access includes 1 rail station, 7 bus stops. The crime rate in the Wingecarribee LGA is low at 1,458 incidents per 100,000 population.
From an investment perspective, Medway offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 13.2x is considered stretched. House prices have moved +15.6% year-on-year.