Nerriga is a quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2622). With a population of 77, the suburb has a mature demographic with a median age of 54. Households earn a median income of $55K per year, with an average household size of 2 people. The most common occupations are managers, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Nerriga is $421,000, having dropped significantly 55% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 6.5%. The median monthly mortgage repayment is $680.
The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,796 incidents per 100,000 population.
From an investment perspective, Nerriga offers a gross rental yield of 6.5%, rated as high yield. Property prices sit below the state median ($421K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.6x is considered moderate. House prices have moved -55.0% year-on-year.
Nerriga is a quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2622). With a population of 77, the suburb has a mature demographic with a median age of 54. Households earn a median income of $55K per year, with an average household size of 2 people. The most common occupations are managers, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Nerriga is $421,000, having dropped significantly 55% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 6.5%. The median monthly mortgage repayment is $680.
The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,796 incidents per 100,000 population.
From an investment perspective, Nerriga offers a gross rental yield of 6.5%, rated as high yield. Property prices sit below the state median ($421K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.6x is considered moderate. House prices have moved -55.0% year-on-year.