Located in New South Wales within the Leeton local government area, Merungle Hill is a sparsely populated locality (postcode 2705). It is home to about 258 residents, with an established family demographic and a median age of 42. Households earn a median income of $92K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.2% year-on-year at the LGA level. 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, labourers, technicians & trades. Employment in the area leans toward agriculture and manufacturing. The top ancestries reported are English, Australian, Italian.
The median house price in Merungle Hill is $605,000, having declined steeply by 24.4% over the past year. The current median weekly rent is $455. This gives a gross rental yield of approximately 3.9%. 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 4,913 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.9% (moderate yield). Property prices sit below the state median ($605K/$1.5M), which can point to relative value. The price-to-income ratio of 6.6x is considered moderate. House prices have moved -24.4% year-on-year. Population growth of -0.2% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.