Myrtle Park is a quiet locality in New South Wales within the Edward River local government area (postcode 2713). With a population of 51, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $47K per year, with an average household size of 2.8 people. The most common occupations are managers, labourers, sales. The top ancestries reported are English, Australian, Irish.
The median house price in Myrtle Park is $4.8 million, having surged 505% over the past year. The current median weekly rent is $350. This gives a gross rental yield of approximately 0.4%. The median monthly mortgage repayment is $2,500.
The crime rate in the Edward River LGA is moderate at 5,647 incidents per 100,000 population.
From an investment perspective, Myrtle Park offers a gross rental yield of 0.4%, rated as low yield. Property prices are above the state median ($4.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 102.9x is considered stretched. House prices have moved +505.0% year-on-year.
Myrtle Park is a quiet locality in New South Wales within the Edward River local government area (postcode 2713). With a population of 51, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $47K per year, with an average household size of 2.8 people. The most common occupations are managers, labourers, sales. The top ancestries reported are English, Australian, Irish.
The median house price in Myrtle Park is $4.8 million, having surged 505% over the past year. The current median weekly rent is $350. This gives a gross rental yield of approximately 0.4%. The median monthly mortgage repayment is $2,500.
The crime rate in the Edward River LGA is moderate at 5,647 incidents per 100,000 population.
From an investment perspective, Myrtle Park offers a gross rental yield of 0.4%, rated as low yield. Property prices are above the state median ($4.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 102.9x is considered stretched. House prices have moved +505.0% year-on-year.