Located in New South Wales within the Mid-Coast local government area, Melinga is a small, quiet locality (postcode 2430). It is home to about 112 residents, with a mature demographic and a median age of 52. Households earn a median income of $76K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 professionals, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
The median house price in Melinga is $649,000, having fallen by 4.6% over the past year. The current median weekly rent is $530. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,140.
Public transport access includes 6 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
From an investment perspective, Melinga shows a gross rental yield of approximately 4.2%, rated as moderate yield. Property prices sit below the state median ($649K/$1.5M), which can point to relative value. The price-to-income ratio of 8.5x is considered moderate. House prices have moved -4.6% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.