Murga is a quiet locality in New South Wales within the Cabonne local government area (postcode 2864). With a population of 58, the suburb has a mature demographic with a median age of 52. Households earn a median income of $85K 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, Scottish.
The median house price in Murga is $1.3 million, having dropped significantly 92.3% over the past year. The current median weekly rent is $530. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,449.
Public transport access includes 5 bus stops. The crime rate in the Cabonne LGA is low at 1,856 incidents per 100,000 population.
From an investment perspective, Murga offers a gross rental yield of 2.1%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 15.7x is considered stretched. House prices have moved -92.3% year-on-year.
Murga is a quiet locality in New South Wales within the Cabonne local government area (postcode 2864). With a population of 58, the suburb has a mature demographic with a median age of 52. Households earn a median income of $85K 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, Scottish.
The median house price in Murga is $1.3 million, having dropped significantly 92.3% over the past year. The current median weekly rent is $530. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,449.
Public transport access includes 5 bus stops. The crime rate in the Cabonne LGA is low at 1,856 incidents per 100,000 population.
From an investment perspective, Murga offers a gross rental yield of 2.1%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 15.7x is considered stretched. House prices have moved -92.3% year-on-year.