Nerong is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2423). With a population of 168, the suburb has an older demographic with a median age of 59. Households earn a median income of $45K per year, with an average household size of 2.1 people. The most common occupations are clerical & administrative, labourers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Nerong is $270,000, having dropped significantly 48.1% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 10.1%. The median monthly mortgage repayment is $1,250.
Public transport access includes 5 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Nerong offers a gross rental yield of 10.1%, rated as high yield. Property prices sit below the state median ($270K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.0x is considered moderate. House prices have moved -48.1% year-on-year.
Nerong is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2423). With a population of 168, the suburb has an older demographic with a median age of 59. Households earn a median income of $45K per year, with an average household size of 2.1 people. The most common occupations are clerical & administrative, labourers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Nerong is $270,000, having dropped significantly 48.1% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 10.1%. The median monthly mortgage repayment is $1,250.
Public transport access includes 5 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Nerong offers a gross rental yield of 10.1%, rated as high yield. Property prices sit below the state median ($270K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.0x is considered moderate. House prices have moved -48.1% year-on-year.