Megalong Valley is a quiet locality in New South Wales within the Blue Mountains local government area (postcode 2785). With a population of 148, the suburb has a mature demographic with a median age of 52. Households earn a median income of $106K per year, with an average household size of 2.7 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Megalong Valley is $1.3 million, having surged 30% over the past year. The current median weekly rent is $580. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,200.
Megalong Valley is served by 1 school, including 1 primary. The average ICSEA score is 1046, which is around the national average of 1,000. The crime rate in the Blue Mountains LGA is low at 1,829 incidents per 100,000 population.
From an investment perspective, Megalong Valley offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 12.2x is considered stretched. House prices have moved +30.0% year-on-year.
Megalong Valley is a quiet locality in New South Wales within the Blue Mountains local government area (postcode 2785). With a population of 148, the suburb has a mature demographic with a median age of 52. Households earn a median income of $106K per year, with an average household size of 2.7 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Megalong Valley is $1.3 million, having surged 30% over the past year. The current median weekly rent is $580. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,200.
Megalong Valley is served by 1 school, including 1 primary. The average ICSEA score is 1046, which is around the national average of 1,000. The crime rate in the Blue Mountains LGA is low at 1,829 incidents per 100,000 population.
From an investment perspective, Megalong Valley offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 12.2x is considered stretched. House prices have moved +30.0% year-on-year.