Merah North is a quiet locality in New South Wales within the Narrabri local government area (postcode 2388). With a population of 129, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $97K per year, with an average household size of 2.4 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Merah North is $18 million, having surged 68.2% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 0.1%.
Public transport access includes 4 bus stops. The crime rate in the Narrabri LGA is moderate at 5,705 incidents per 100,000 population.
From an investment perspective, Merah North offers a gross rental yield of 0.1%, rated as low yield. Property prices are above the state median ($18.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 186.4x is considered stretched. House prices have moved +68.2% year-on-year.
Merah North is a quiet locality in New South Wales within the Narrabri local government area (postcode 2388). With a population of 129, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $97K per year, with an average household size of 2.4 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Merah North is $18 million, having surged 68.2% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 0.1%.
Public transport access includes 4 bus stops. The crime rate in the Narrabri LGA is moderate at 5,705 incidents per 100,000 population.
From an investment perspective, Merah North offers a gross rental yield of 0.1%, rated as low yield. Property prices are above the state median ($18.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 186.4x is considered stretched. House prices have moved +68.2% year-on-year.