Moama is a moderately sized suburb in New South Wales within the Murray River local government area (postcode 2731). With a population of 7,213, the suburb has a settled, mature resident base with a median age of 49. Households earn a median income of $70K per year, with an average household size of 2.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.6% year-on-year at the LGA level. 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 professionals, managers, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Moama has a median house price of $913,000, which has surged by 19.3% year-on-year. Units have a median price of $445,000 (+34.8% YoY). The current median weekly rent is $472. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,627.
Moama is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 980, which is around the national average of 1,000. Public transport access includes 2 rail stations, 77 bus stops. The crime rate in the Murray River LGA is below average at 3,467 incidents per 100,000 population.
On the investment side, Moama shows a gross rental yield of approximately 2.7%, rated as low yield. Property prices sit below the state median ($913K/$1.5M), which can point to relative value. The price-to-income ratio of 13.0x is considered stretched. House prices have moved +19.3% year-on-year. Population growth of +2.6% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.