Moorong is a small, quiet locality in New South Wales within the Wagga Wagga local government area (postcode 2650). With a population of 175, the suburb has a blend of families and working-age professionals with a median age of 37. Households earn a median income of $153K per year, with an average household size of 3.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.0% 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 managers, professionals, clerical & administrative. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are Australian, English, Irish.
The median house price in Moorong is $610,000, having dropped significantly by 31.5% over the past year. The current median weekly rent is $540. This gives a gross rental yield of approximately 4.6%. 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 5,374 incidents per 100,000 population.
Looking at the investment signals, Moorong shows a gross rental yield of approximately 4.6%, rated as moderate yield. Property prices sit below the state median ($610K/$1.5M), which can point to relative value. The price-to-income ratio of 4.0x is considered affordable. House prices have moved -31.5% year-on-year. Population growth of +0.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.