Merriwagga is a quiet locality in New South Wales within the Carrathool local government area (postcode 2652). With a population of 124, the suburb has a mature demographic with a median age of 49. Households earn a median income of $55K per year, with an average household size of 2.2 people. The most common occupations are managers, machinery operators & drivers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Merriwagga is $123,000, having dropped significantly 94.7% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 19.0%. The median monthly mortgage repayment is $340.
Public transport access includes 11 bus stops. The crime rate in the Carrathool LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Merriwagga offers a gross rental yield of 19.0%, rated as high yield. Property prices sit below the state median ($123K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.2x is considered affordable. House prices have moved -94.7% year-on-year.
Merriwagga is a quiet locality in New South Wales within the Carrathool local government area (postcode 2652). With a population of 124, the suburb has a mature demographic with a median age of 49. Households earn a median income of $55K per year, with an average household size of 2.2 people. The most common occupations are managers, machinery operators & drivers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Merriwagga is $123,000, having dropped significantly 94.7% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 19.0%. The median monthly mortgage repayment is $340.
Public transport access includes 11 bus stops. The crime rate in the Carrathool LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Merriwagga offers a gross rental yield of 19.0%, rated as high yield. Property prices sit below the state median ($123K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.2x is considered affordable. House prices have moved -94.7% year-on-year.