Mororo (postcode 2469) is a small, quiet locality in New South Wales within the Clarence Valley local government area. The area has roughly 115 residents and a settled mid-life population, with a median age of 44. Households earn a median income of $84K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% 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 managers, professionals, technicians & trades. Employment in the area leans toward agriculture and construction. The top ancestries reported are Australian, English, Irish.
Mororo has a median house price of $1.1 million, which has climbed sharply by 71.2% year-on-year. The current median weekly rent is $380. This gives a gross rental yield of approximately 1.7%. 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 5,045 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 1.7%, which reads 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 +71.2% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.