Megan is a quiet locality in New South Wales within the Bellingen local government area (postcode 2453). With a population of 168, the suburb has an older demographic with a median age of 57. Households earn a median income of $53K per year, with an average household size of 2.1 people. The most common occupations are managers, clerical & administrative, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Megan is $735,000, having dipped slightly 0.7% over the past year. The current median weekly rent is $485. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,250.
Public transport access includes 8 bus stops. The crime rate in the Bellingen LGA is below average at 3,592 incidents per 100,000 population.
From an investment perspective, Megan offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($735K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.9x is considered stretched. House prices have moved -0.7% year-on-year.
Megan is a quiet locality in New South Wales within the Bellingen local government area (postcode 2453). With a population of 168, the suburb has an older demographic with a median age of 57. Households earn a median income of $53K per year, with an average household size of 2.1 people. The most common occupations are managers, clerical & administrative, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Megan is $735,000, having dipped slightly 0.7% over the past year. The current median weekly rent is $485. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,250.
Public transport access includes 8 bus stops. The crime rate in the Bellingen LGA is below average at 3,592 incidents per 100,000 population.
From an investment perspective, Megan offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($735K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.9x is considered stretched. House prices have moved -0.7% year-on-year.