Meroo is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). With a population of 46, the suburb has an established demographic with a median age of 39. Households earn a median income of $117K per year, with an average household size of 3.3 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Meroo is $290,000, having dropped significantly 57.5% over the past year. The current median weekly rent is $615. This gives a gross rental yield of approximately 11.0%. The median monthly mortgage repayment is $1,600.
Public transport access includes 4 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,221 incidents per 100,000 population.
From an investment perspective, Meroo offers a gross rental yield of 11.0%, rated as high yield. Property prices sit below the state median ($290K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.5x is considered affordable. House prices have moved -57.5% year-on-year.
Meroo is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). With a population of 46, the suburb has an established demographic with a median age of 39. Households earn a median income of $117K per year, with an average household size of 3.3 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Meroo is $290,000, having dropped significantly 57.5% over the past year. The current median weekly rent is $615. This gives a gross rental yield of approximately 11.0%. The median monthly mortgage repayment is $1,600.
Public transport access includes 4 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,221 incidents per 100,000 population.
From an investment perspective, Meroo offers a gross rental yield of 11.0%, rated as high yield. Property prices sit below the state median ($290K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.5x is considered affordable. House prices have moved -57.5% year-on-year.