Monak is a quiet locality in New South Wales within the Wentworth local government area (postcode 2738). With a population of 60, the suburb has an established demographic with a median age of 41. Households earn a median income of $85K per year, with an average household size of 2.6 people. The most common occupations are managers, machinery operators & drivers, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Monak is $308,000, having dropped significantly 38.3% over the past year. The current median weekly rent is $590. This gives a gross rental yield of approximately 10.0%. The median monthly mortgage repayment is $1,520.
Public transport access includes 2 bus stops. The crime rate in the Wentworth LGA is moderate at 5,817 incidents per 100,000 population.
From an investment perspective, Monak offers a gross rental yield of 10.0%, rated as high yield. Property prices sit below the state median ($308K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.6x is considered affordable. House prices have moved -38.3% year-on-year.
Monak is a quiet locality in New South Wales within the Wentworth local government area (postcode 2738). With a population of 60, the suburb has an established demographic with a median age of 41. Households earn a median income of $85K per year, with an average household size of 2.6 people. The most common occupations are managers, machinery operators & drivers, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Monak is $308,000, having dropped significantly 38.3% over the past year. The current median weekly rent is $590. This gives a gross rental yield of approximately 10.0%. The median monthly mortgage repayment is $1,520.
Public transport access includes 2 bus stops. The crime rate in the Wentworth LGA is moderate at 5,817 incidents per 100,000 population.
From an investment perspective, Monak offers a gross rental yield of 10.0%, rated as high yield. Property prices sit below the state median ($308K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.6x is considered affordable. House prices have moved -38.3% year-on-year.