Mendooran is a small community in New South Wales within the Warrumbungle Shire local government area (postcode 2842). With a population of 626, the suburb has a mature demographic with a median age of 45. Households earn a median income of $48K per year, with an average household size of 2.4 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Mendooran is $259,000, having surged 17.7% over the past year. The current median weekly rent is $270. This gives a gross rental yield of approximately 5.4%. 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 5,613 incidents per 100,000 population.
From an investment perspective, Mendooran offers a gross rental yield of 5.4%, rated as high yield. Property prices sit below the state median ($259K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.4x is considered affordable. House prices have moved +17.7% year-on-year.
Mendooran is a small community in New South Wales within the Warrumbungle Shire local government area (postcode 2842). With a population of 626, the suburb has a mature demographic with a median age of 45. Households earn a median income of $48K per year, with an average household size of 2.4 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Mendooran is $259,000, having surged 17.7% over the past year. The current median weekly rent is $270. This gives a gross rental yield of approximately 5.4%. 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 5,613 incidents per 100,000 population.
From an investment perspective, Mendooran offers a gross rental yield of 5.4%, rated as high yield. Property prices sit below the state median ($259K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.4x is considered affordable. House prices have moved +17.7% year-on-year.