Mororo is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2469). With a population of 115, the suburb has an established demographic with a median age of 44. Households earn a median income of $84K per year, with an average household size of 2.7 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Mororo is $1.1 million, having dropped significantly 43.5% over the past year. The current median weekly rent is $490. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,436.
Public transport access includes 1 bus stop. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Mororo offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 13.4x is considered stretched. House prices have moved -43.5% year-on-year.
Mororo is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2469). With a population of 115, the suburb has an established demographic with a median age of 44. Households earn a median income of $84K per year, with an average household size of 2.7 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Mororo is $1.1 million, having dropped significantly 43.5% over the past year. The current median weekly rent is $490. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,436.
Public transport access includes 1 bus stop. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Mororo offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 13.4x is considered stretched. House prices have moved -43.5% year-on-year.