Morago is a quiet locality in New South Wales within the Edward River local government area (postcode 2710). With a population of 50, the suburb has a mature demographic with a median age of 48. Households earn a median income of $108K per year, with an average household size of 2.8 people. The most common occupations are managers, clerical & administrative, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Morago is $1.2 million, having dropped significantly 71.5% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $1,083.
Public transport access includes 1 bus stop. The crime rate in the Edward River LGA is moderate at 5,647 incidents per 100,000 population.
From an investment perspective, Morago offers a gross rental yield of 1.8%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 10.8x is considered stretched. House prices have moved -71.5% year-on-year.
Morago is a quiet locality in New South Wales within the Edward River local government area (postcode 2710). With a population of 50, the suburb has a mature demographic with a median age of 48. Households earn a median income of $108K per year, with an average household size of 2.8 people. The most common occupations are managers, clerical & administrative, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Morago is $1.2 million, having dropped significantly 71.5% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $1,083.
Public transport access includes 1 bus stop. The crime rate in the Edward River LGA is moderate at 5,647 incidents per 100,000 population.
From an investment perspective, Morago offers a gross rental yield of 1.8%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 10.8x is considered stretched. House prices have moved -71.5% year-on-year.