Nelungaloo is a quiet locality in New South Wales within the Parkes local government area (postcode 2876). With a population of 47, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $94K per year, with an average household size of 2.8 people. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Nelungaloo is $537,000, having surged 45.1% over the past year. The median weekly rent is $100 (Census 2021). This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $1,250.
Public transport access includes 7 bus stops. The crime rate in the Parkes LGA is moderate at 6,069 incidents per 100,000 population.
From an investment perspective, Nelungaloo offers a gross rental yield of 1.0%, rated as low yield. Property prices sit below the state median ($537K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.7x is considered affordable. House prices have moved +45.1% year-on-year.
Nelungaloo is a quiet locality in New South Wales within the Parkes local government area (postcode 2876). With a population of 47, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $94K per year, with an average household size of 2.8 people. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Nelungaloo is $537,000, having surged 45.1% over the past year. The median weekly rent is $100 (Census 2021). This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $1,250.
Public transport access includes 7 bus stops. The crime rate in the Parkes LGA is moderate at 6,069 incidents per 100,000 population.
From an investment perspective, Nelungaloo offers a gross rental yield of 1.0%, rated as low yield. Property prices sit below the state median ($537K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.7x is considered affordable. House prices have moved +45.1% year-on-year.