Mendooran (postcode 2842) is a small community in New South Wales within the Warrumbungle Shire local government area. It is home to about 626 residents, with a mature demographic and a median age of 45. Households earn a median income of $48K per year, with an average household size of 2.4 people. 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 managers, professionals, labourers. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Irish.
The median house price in Mendooran is $259,000, having grown strongly by 6.1% over the past year. The current median weekly rent is $300. This gives a gross rental yield of approximately 6.0%. The median monthly mortgage repayment is $737.
Mendooran is served by 1 school, including 1 combined. The average ICSEA score is 889, which is well below the national average of 1,000. Public transport access includes 1 rail station, 46 bus stops. The crime rate in the Warrumbungle Shire LGA is moderate at 5,386 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 6.0%, which reads as high yield. Property prices sit below the state median ($259K/$1.5M), which can point to relative value. The price-to-income ratio of 5.4x is considered affordable. House prices have moved +6.1% year-on-year.