Merrygoen is a quiet locality in New South Wales within the Warrumbungle Shire local government area (postcode 2831). With a population of 79, the suburb has an established demographic with a median age of 41. Households earn a median income of $47K per year, with an average household size of 2.3 people. The most common occupations are managers, community & personal service, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Merrygoen is $412,000, having surged 149.7% over the past year. The median weekly rent is $150 (Census 2021). This gives a gross rental yield of approximately 1.9%.
Public transport access includes 8 bus stops. The crime rate in the Warrumbungle Shire LGA is moderate at 5,613 incidents per 100,000 population.
From an investment perspective, Merrygoen offers a gross rental yield of 1.9%, rated as low yield. Property prices sit below the state median ($412K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.8x is considered moderate. House prices have moved +149.7% year-on-year.
Merrygoen is a quiet locality in New South Wales within the Warrumbungle Shire local government area (postcode 2831). With a population of 79, the suburb has an established demographic with a median age of 41. Households earn a median income of $47K per year, with an average household size of 2.3 people. The most common occupations are managers, community & personal service, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Merrygoen is $412,000, having surged 149.7% over the past year. The median weekly rent is $150 (Census 2021). This gives a gross rental yield of approximately 1.9%.
Public transport access includes 8 bus stops. The crime rate in the Warrumbungle Shire LGA is moderate at 5,613 incidents per 100,000 population.
From an investment perspective, Merrygoen offers a gross rental yield of 1.9%, rated as low yield. Property prices sit below the state median ($412K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.8x is considered moderate. House prices have moved +149.7% year-on-year.