Located in New South Wales within the Upper Hunter Shire local government area, Murrurundi is a small locality (postcode 2338). The area has roughly 945 residents and an older-leaning population, with a median age of 54. Households earn a median income of $46K per year, with an average household size of 2 people. 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 technicians & trades, labourers, community & personal service. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are English, Australian, Scottish.
Median house prices in Murrurundi stand at $448,000, having fallen by 4.4% over the last twelve months. The current median weekly rent is $425. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $1,083.
Murrurundi is served by 1 school, including 1 primary. The average ICSEA score is 893, which is well below the national average of 1,000. Public transport access includes 2 rail stations, 14 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Upper Hunter Shire LGA is below average at 3,369 incidents per 100,000 population.
From an investment perspective, Murrurundi shows a gross rental yield of approximately 4.9%, rated as moderate yield. Property prices sit below the state median ($448K/$1.5M), which can point to relative value. The price-to-income ratio of 9.8x is considered moderate. House prices have moved -4.4% year-on-year.