Nymagee is a quiet locality in New South Wales within the Cobar local government area (postcode 2831). With a population of 96, the suburb has a mature demographic with a median age of 52. Households earn a median income of $54K per year, with an average household size of 2.3 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Nymagee is $74,000, having dropped significantly 91.1% over the past year. The median weekly rent is $60 (Census 2021). This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $2,500.
Public transport access includes 1 rail station, 5 bus stops. The crime rate in the Cobar LGA is moderate at 7,298 incidents per 100,000 population.
From an investment perspective, Nymagee offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($74K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.4x is considered affordable. House prices have moved -91.1% year-on-year.
Nymagee is a quiet locality in New South Wales within the Cobar local government area (postcode 2831). With a population of 96, the suburb has a mature demographic with a median age of 52. Households earn a median income of $54K per year, with an average household size of 2.3 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Nymagee is $74,000, having dropped significantly 91.1% over the past year. The median weekly rent is $60 (Census 2021). This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $2,500.
Public transport access includes 1 rail station, 5 bus stops. The crime rate in the Cobar LGA is moderate at 7,298 incidents per 100,000 population.
From an investment perspective, Nymagee offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($74K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.4x is considered affordable. House prices have moved -91.1% year-on-year.