Murrurundi is a small community in New South Wales within the Upper Hunter Shire local government area (postcode 2338). With a population of 945, the suburb has a mature demographic with a median age of 54. Households earn a median income of $46K per year, with an average household size of 2 people. The most common occupations are technicians & trades, labourers, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Murrurundi is $580,000, having surged 36.5% over the past year. The current median weekly rent is $300. This gives a gross rental yield of approximately 2.7%. 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 3,250 incidents per 100,000 population.
From an investment perspective, Murrurundi offers a gross rental yield of 2.7%, rated as low yield. Property prices sit below the state median ($580K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.7x is considered stretched. House prices have moved +36.5% year-on-year.
Murrurundi is a small community in New South Wales within the Upper Hunter Shire local government area (postcode 2338). With a population of 945, the suburb has a mature demographic with a median age of 54. Households earn a median income of $46K per year, with an average household size of 2 people. The most common occupations are technicians & trades, labourers, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Murrurundi is $580,000, having surged 36.5% over the past year. The current median weekly rent is $300. This gives a gross rental yield of approximately 2.7%. 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 3,250 incidents per 100,000 population.
From an investment perspective, Murrurundi offers a gross rental yield of 2.7%, rated as low yield. Property prices sit below the state median ($580K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.7x is considered stretched. House prices have moved +36.5% year-on-year.