Nemingha is a close-knit residential community in New South Wales within the Tamworth Regional local government area (postcode 2340). It is home to about 705 residents, with a settled mid-life population and a median age of 44. Households earn a median income of $91K per year, with an average household size of 2.4 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, professionals, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Scottish.
The median house price in Nemingha is $505,000, having fallen sharply by 16.5% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $1,660.
Nemingha is served by 1 school, including 1 primary. The average ICSEA score is 996, which is around the national average of 1,000. Public transport access includes 2 rail stations, 45 bus stops. The crime rate in the Tamworth Regional LGA is moderate at 6,891 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 4.9%, which reads as moderate yield. Property prices sit below the state median ($505K/$1.5M), which can point to relative value. The price-to-income ratio of 5.6x is considered affordable. House prices have moved -16.5% year-on-year.