Located in New South Wales within the Queanbeyan-Palerang Regional local government area, Mongarlowe is a sparsely populated locality (postcode 2622). It is home to about 121 residents, with a mature demographic and a median age of 54. Households earn a median income of $67K per year, with an average household size of 2.1 people. 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, technicians & trades, clerical & administrative. Employment in the area leans toward education and public admin & safety. The top ancestries reported are English, Australian, Irish.
Median house prices in Mongarlowe stand at $250,000, having fallen sharply by 45.5% over the last twelve months. The current median weekly rent is $470. This gives a gross rental yield of approximately 9.8%. The median monthly mortgage repayment is $1,950.
Public transport access includes 4 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,677 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 9.8%, which reads as high yield. Property prices sit below the state median ($250K/$1.5M), which can point to relative value. The price-to-income ratio of 3.8x is considered affordable. House prices have moved -45.5% year-on-year.