Meroo Meadow is a quiet locality in New South Wales within the Shoalhaven local government area (postcode 2540). With a population of 474, the suburb has a mature demographic with a median age of 50. Households earn a median income of $110K per year, with an average household size of 2.6 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Meroo Meadow is $2.0 million, having surged 71.7% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,167.
Public transport access includes 6 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Meroo Meadow offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 17.9x is considered stretched. House prices have moved +71.7% year-on-year.
Meroo Meadow is a quiet locality in New South Wales within the Shoalhaven local government area (postcode 2540). With a population of 474, the suburb has a mature demographic with a median age of 50. Households earn a median income of $110K per year, with an average household size of 2.6 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Meroo Meadow is $2.0 million, having surged 71.7% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,167.
Public transport access includes 6 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Meroo Meadow offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 17.9x is considered stretched. House prices have moved +71.7% year-on-year.