Melinga is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2430). With a population of 112, the suburb has a mature demographic with a median age of 52. Households earn a median income of $76K per year, with an average household size of 2.4 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Melinga is $750,000, having surged 25% over the past year. The current median weekly rent is $495. This gives a gross rental yield of approximately 3.4%. 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 3,753 incidents per 100,000 population.
From an investment perspective, Melinga offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($750K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.8x is considered moderate. House prices have moved +25.0% year-on-year.
Melinga is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2430). With a population of 112, the suburb has a mature demographic with a median age of 52. Households earn a median income of $76K per year, with an average household size of 2.4 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Melinga is $750,000, having surged 25% over the past year. The current median weekly rent is $495. This gives a gross rental yield of approximately 3.4%. 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 3,753 incidents per 100,000 population.
From an investment perspective, Melinga offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($750K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.8x is considered moderate. House prices have moved +25.0% year-on-year.