Located in New South Wales within the Wollondilly local government area, Menangle is a small community (postcode 2568). The area has roughly 1,252 residents and a mature demographic, with a median age of 54. Households earn a median income of $77K per year, with an average household size of 2.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.9% 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, managers. Employment in the area leans toward construction and education. The top ancestries reported are Australian, English, Irish.
The median house price in Menangle is $920,000, having fallen sharply by 21.5% over the past year. The current median weekly rent is $705. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $2,500.
Menangle is served by 1 school, including 1 combined. Public transport access includes 3 rail stations, 24 bus stops. The crime rate in the Wollondilly LGA is low at 1,609 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 4.0% (moderate yield). Property prices sit below the state median ($920K/$1.5M), which can point to relative value. The price-to-income ratio of 12.0x is considered stretched. House prices have moved -21.5% year-on-year. Population growth of +3.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.