Merungle Hill is a quiet locality in New South Wales within the Leeton local government area (postcode 2705). With a population of 258, the suburb has an established demographic with a median age of 42. Households earn a median income of $92K per year, with an average household size of 2.7 people. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are English, Australian, Italian.
The median house price in Merungle Hill is $700,000, having surged 37.3% over the past year. The current median weekly rent is $440. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,300.
Public transport access includes 23 bus stops. The crime rate in the Leeton LGA is moderate at 4,704 incidents per 100,000 population.
From an investment perspective, Merungle Hill offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($700K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.6x is considered moderate. House prices have moved +37.3% year-on-year.
Merungle Hill is a quiet locality in New South Wales within the Leeton local government area (postcode 2705). With a population of 258, the suburb has an established demographic with a median age of 42. Households earn a median income of $92K per year, with an average household size of 2.7 people. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are English, Australian, Italian.
The median house price in Merungle Hill is $700,000, having surged 37.3% over the past year. The current median weekly rent is $440. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,300.
Public transport access includes 23 bus stops. The crime rate in the Leeton LGA is moderate at 4,704 incidents per 100,000 population.
From an investment perspective, Merungle Hill offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($700K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.6x is considered moderate. House prices have moved +37.3% year-on-year.