Murray Downs is a small, quiet locality in New South Wales within the Murray River local government area (postcode 2734). With a population of 274, the suburb has a mature demographic with a median age of 48. Households earn a median income of $126K per year, with an average household size of 2.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.6% 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, community & personal service. Employment in the area leans toward retail trade and education. The top ancestries reported are English, Australian, Irish.
Murray Downs has a median house price of $825,000, which has fallen sharply by 10.3% year-on-year. The median weekly rent is $370 (Census 2021). This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,673.
Public transport access includes 6 bus stops. The crime rate in the Murray River LGA is below average at 3,467 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.3%, which reads as low yield. Property prices sit below the state median ($825K/$1.5M), which can point to relative value. The price-to-income ratio of 6.6x is considered moderate. House prices have moved -10.3% year-on-year. Population growth of +2.6% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.