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 +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, 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 $412,000, broadly unchanged over the past year. The current median weekly rent is $300. This gives a gross rental yield of approximately 3.8%.
Public transport access includes 8 bus stops. The crime rate in the Warrumbungle Shire LGA is moderate at 5,585 incidents per 100,000 population.
Looking at the investment signals, Merrygoen shows a gross rental yield of approximately 3.8%, rated as moderate yield. Property prices sit below the state median ($412K/$1.5M), which can point to relative value. The price-to-income ratio of 8.8x is considered moderate. House prices have moved +0.0% year-on-year.