Located in New South Wales within the Central Darling local government area, Menindee is a small community (postcode 2879). The area has roughly 537 residents and a settled, mature resident base, with a median age of 50. Households earn a median income of $46K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.2% 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 managers, labourers, professionals. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, Aboriginal Australian, English.
Menindee has a median house price of $170,000, which has risen solidly by 6.3% year-on-year. The median weekly rent is $184 (Census 2021). This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $758.
Menindee is served by 1 school, including 1 combined. The average ICSEA score is 760, which is well below the national average of 1,000. Public transport access includes 1 rail station, 3 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Central Darling LGA is low at 0 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 5.6%, which reads as high yield. Property prices sit below the state median ($170K/$1.5M), which can point to relative value. The price-to-income ratio of 3.7x is considered affordable. House prices have moved +6.3% year-on-year. Population growth of -0.2% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.