Moree (postcode 2400) is a moderately sized suburb in New South Wales within the Moree Plains local government area. It is home to about 8,962 residents, with an established family demographic and a median age of 38. Households earn a median income of $82K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.3% 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 professionals, managers, clerical & administrative. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Aboriginal Australian.
Moree has a median house price of $410,000, which has jumped by 17.1% year-on-year. Units have a median price of $225,000 (+1.6% YoY). The current median weekly rent is $380. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,326.
Moree is served by 7 schools, including 3 primary, 1 secondary, 2 combined, 1 special. The average ICSEA score is 858, which is well below the national average of 1,000. Public transport access includes 1 rail station, 154 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Moree Plains LGA is higher than average at 13,478 incidents per 100,000 population.
Looking at the investment signals, Moree shows a gross rental yield of approximately 4.8%, rated as moderate yield. Property prices sit below the state median ($410K/$1.5M), which can point to relative value. The price-to-income ratio of 5.0x is considered affordable. House prices have moved +17.1% year-on-year. Population growth of -0.3% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.