Nangus (postcode 2722) is a quiet locality in New South Wales within the Cootamundra-Gundagai Regional local government area. With a population of 240, the suburb has a settled mid-life population with a median age of 41. Households earn a median income of $69K per year, with an average household size of 2.7 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 managers, labourers, technicians & trades. Employment in the area leans toward agriculture and transport & logistics. The top ancestries reported are English, Australian, Irish.
Nangus has a median house price of $265,000, which has moved lower by 7% year-on-year. The current median weekly rent is $460. This gives a gross rental yield of approximately 9.0%. The median monthly mortgage repayment is $1,495.
Nangus is served by 1 school, including 1 primary. The average ICSEA score is 934, which is below the national average of 1,000. Public transport access includes 21 bus stops.
From an investment perspective, Gross rental yield sits at around 9.0% (high yield). Property prices sit below the state median ($265K/$1.5M), which can point to relative value. The price-to-income ratio of 3.8x is considered affordable. House prices have moved -7.0% year-on-year.