Morans Crossing is a quiet locality in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 55, the suburb has an established demographic with a median age of 44. Households earn a median income of $66K per year, with an average household size of 2.8 people. The most common occupations are managers, labourers, machinery operators & drivers. The top ancestries reported are Australian, English, Irish.
The median house price in Morans Crossing is $1.6 million, having dropped significantly 31.4% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $1,485.
Public transport access includes 12 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Morans Crossing offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 23.5x is considered stretched. House prices have moved -31.4% year-on-year.
Morans Crossing is a quiet locality in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 55, the suburb has an established demographic with a median age of 44. Households earn a median income of $66K per year, with an average household size of 2.8 people. The most common occupations are managers, labourers, machinery operators & drivers. The top ancestries reported are Australian, English, Irish.
The median house price in Morans Crossing is $1.6 million, having dropped significantly 31.4% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $1,485.
Public transport access includes 12 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Morans Crossing offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 23.5x is considered stretched. House prices have moved -31.4% year-on-year.