Moorong is a quiet locality in New South Wales within the Wagga Wagga local government area (postcode 2650). With a population of 175, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $153K per year, with an average household size of 3.5 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Moorong is $307,000, having dropped significantly 79.5% over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 9.5%. The median monthly mortgage repayment is $2,600.
Public transport access includes 1 bus stop. The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Moorong offers a gross rental yield of 9.5%, rated as high yield. Property prices sit below the state median ($307K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.0x is considered affordable. House prices have moved -79.5% year-on-year.
Moorong is a quiet locality in New South Wales within the Wagga Wagga local government area (postcode 2650). With a population of 175, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $153K per year, with an average household size of 3.5 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Moorong is $307,000, having dropped significantly 79.5% over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 9.5%. The median monthly mortgage repayment is $2,600.
Public transport access includes 1 bus stop. The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Moorong offers a gross rental yield of 9.5%, rated as high yield. Property prices sit below the state median ($307K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.0x is considered affordable. House prices have moved -79.5% year-on-year.