Molong is a smaller suburb in New South Wales within the Cabonne local government area (postcode 2866). With a population of 2,595, the suburb has an established demographic with a median age of 43. Households earn a median income of $72K per year, with an average household size of 2.5 people. The most common occupations are managers, technicians & trades, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Molong is $650,000, having surged 21.5% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,600.
Molong is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 974, which is around the national average of 1,000. Public transport access includes 1 rail station, 67 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Cabonne LGA is low at 1,856 incidents per 100,000 population.
From an investment perspective, Molong offers a gross rental yield of 3.0%, rated as moderate yield. Property prices sit below the state median ($650K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.1x is considered moderate. House prices have moved +21.5% year-on-year.
Molong is a smaller suburb in New South Wales within the Cabonne local government area (postcode 2866). With a population of 2,595, the suburb has an established demographic with a median age of 43. Households earn a median income of $72K per year, with an average household size of 2.5 people. The most common occupations are managers, technicians & trades, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Molong is $650,000, having surged 21.5% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,600.
Molong is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 974, which is around the national average of 1,000. Public transport access includes 1 rail station, 67 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Cabonne LGA is low at 1,856 incidents per 100,000 population.
From an investment perspective, Molong offers a gross rental yield of 3.0%, rated as moderate yield. Property prices sit below the state median ($650K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.1x is considered moderate. House prices have moved +21.5% year-on-year.