Nericon is a quiet locality in New South Wales within the Griffith local government area (postcode 2680). With a population of 278, the suburb has an established demographic with a median age of 39. Households earn a median income of $98K per year, with an average household size of 2.8 people. The most common occupations are managers, machinery operators & drivers, labourers. The top ancestries reported are Australian, English, Italian.
The median house price in Nericon is $1.1 million, having grown strongly 7.1% over the past year. The current median weekly rent is $475. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $1,625.
Public transport access includes 23 bus stops. The crime rate in the Griffith LGA is moderate at 4,407 incidents per 100,000 population.
From an investment perspective, Nericon offers a gross rental yield of 2.2%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 11.4x is considered stretched. House prices have moved +7.1% year-on-year.
Nericon is a quiet locality in New South Wales within the Griffith local government area (postcode 2680). With a population of 278, the suburb has an established demographic with a median age of 39. Households earn a median income of $98K per year, with an average household size of 2.8 people. The most common occupations are managers, machinery operators & drivers, labourers. The top ancestries reported are Australian, English, Italian.
The median house price in Nericon is $1.1 million, having grown strongly 7.1% over the past year. The current median weekly rent is $475. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $1,625.
Public transport access includes 23 bus stops. The crime rate in the Griffith LGA is moderate at 4,407 incidents per 100,000 population.
From an investment perspective, Nericon offers a gross rental yield of 2.2%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 11.4x is considered stretched. House prices have moved +7.1% year-on-year.