Murrami is a quiet locality in New South Wales within the Leeton local government area (postcode 2705). With a population of 288, the suburb has an established 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. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are Australian, English, Italian.
The median house price in Murrami is $866,000, having dropped significantly 84.8% over the past year. The current median weekly rent is $440. This gives a gross rental yield of approximately 2.6%. 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 4,704 incidents per 100,000 population.
From an investment perspective, Murrami offers a gross rental yield of 2.6%, rated as low yield. Property prices sit below the state median ($866K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.8x is considered stretched. House prices have moved -84.8% year-on-year.
Murrami is a quiet locality in New South Wales within the Leeton local government area (postcode 2705). With a population of 288, the suburb has an established 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. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are Australian, English, Italian.
The median house price in Murrami is $866,000, having dropped significantly 84.8% over the past year. The current median weekly rent is $440. This gives a gross rental yield of approximately 2.6%. 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 4,704 incidents per 100,000 population.
From an investment perspective, Murrami offers a gross rental yield of 2.6%, rated as low yield. Property prices sit below the state median ($866K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.8x is considered stretched. House prices have moved -84.8% year-on-year.