Murrami is a sparsely populated locality in New South Wales within the Leeton local government area (postcode 2705). With a population of 288, the suburb has an established family demographic with a median age of 40. Households earn a median income of $80K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.2% 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, labourers, technicians & trades. Employment in the area leans toward agriculture and transport & logistics. The top ancestries reported are Australian, English, Italian.
Murrami has a median house price of $63,000, which has softened modestly by 0.8% year-on-year. The current median weekly rent is $400. This gives a gross rental yield of approximately 33.3%. The median monthly mortgage repayment is $950.
Public transport access includes 1 rail station, 18 bus stops. The crime rate in the Leeton LGA is moderate at 4,706 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 33.3%, which reads as high yield. Property prices sit below the state median ($63K/$1.5M), which can point to relative value. The price-to-income ratio of 0.8x is considered affordable. House prices have moved -0.8% year-on-year. Population growth of -0.2% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.