Murrays Run is a quiet locality in New South Wales within the Cessnock local government area (postcode 2325). With a population of 140, the suburb has an older demographic with a median age of 59. Households earn a median income of $80K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Murrays Run is $835,000, having dropped significantly 9.7% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,560.
Public transport access includes 2 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Murrays Run offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($835K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.4x is considered stretched. House prices have moved -9.7% year-on-year.
Murrays Run is a quiet locality in New South Wales within the Cessnock local government area (postcode 2325). With a population of 140, the suburb has an older demographic with a median age of 59. Households earn a median income of $80K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Murrays Run is $835,000, having dropped significantly 9.7% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,560.
Public transport access includes 2 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Murrays Run offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($835K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.4x is considered stretched. House prices have moved -9.7% year-on-year.