Morangarell is a quiet locality in New South Wales within the Bland local government area (postcode 2666). With a population of 34, the suburb has an older demographic with a median age of 58. Households earn a median income of $72K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Morangarell is $1.0 million, having dropped significantly 81% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $867.
Public transport access includes 1 bus stop. The crime rate in the Bland LGA is below average at 2,805 incidents per 100,000 population.
From an investment perspective, Morangarell offers a gross rental yield of 2.1%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.1x is considered stretched. House prices have moved -81.0% year-on-year.
Morangarell is a quiet locality in New South Wales within the Bland local government area (postcode 2666). With a population of 34, the suburb has an older demographic with a median age of 58. Households earn a median income of $72K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Morangarell is $1.0 million, having dropped significantly 81% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $867.
Public transport access includes 1 bus stop. The crime rate in the Bland LGA is below average at 2,805 incidents per 100,000 population.
From an investment perspective, Morangarell offers a gross rental yield of 2.1%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.1x is considered stretched. House prices have moved -81.0% year-on-year.