Merrygoen is a sparsely populated locality in New South Wales within the Warrumbungle Shire local government area (postcode 2831). With a population of 79, the suburb has a settled mid-life population with a median age of 41. Households earn a median income of $47K per year, with an average household size of 2.3 people. 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, community & personal service, labourers. Employment in the area leans toward agriculture and education. The top ancestries reported are English, Australian, Scottish.
The median house price in Merrygoen is $160,000, having jumped by 88.2% over the past year. The median weekly rent is $150 (Census 2021). This gives a gross rental yield of approximately 4.9%.
Public transport access includes 8 bus stops. The crime rate in the Warrumbungle Shire LGA is moderate at 5,386 incidents per 100,000 population.
Looking at the investment signals, Merrygoen shows a gross rental yield of approximately 4.9%, rated as moderate yield. Property prices sit below the state median ($160K/$1.5M), which can point to relative value. The price-to-income ratio of 3.4x is considered affordable. House prices have moved +88.2% year-on-year.