Located in New South Wales within the Shoalhaven local government area, Meroo Meadow is a quiet locality (postcode 2540). With a population of 474, the suburb has an older-leaning population with a median age of 50. Households earn a median income of $110K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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, professionals, technicians & trades. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are English, Australian, Scottish.
The median house price in Meroo Meadow is $1.3 million, having climbed sharply by 46.9% over the past year. The current median weekly rent is $580. This gives a gross rental yield of approximately 2.3%. 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 3,639 incidents per 100,000 population.
On the investment side, Meroo Meadow shows a gross rental yield of approximately 2.3%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 11.8x is considered stretched. House prices have moved +46.9% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.