Nyngan is a small community in New South Wales within the Bogan local government area (postcode 2825). With a population of 1,953, the suburb has an established demographic with a median age of 41. Households earn a median income of $74K per year, with an average household size of 2.4 people. The most common occupations are professionals, machinery operators & drivers, labourers. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Nyngan is $360,000, having surged 38.5% over the past year. Units have a median price of $160,000 (-37.9% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 6.9%. The median monthly mortgage repayment is $1,083.
Nyngan is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 885, which is well below the national average of 1,000. Public transport access includes 66 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Bogan LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Nyngan offers a gross rental yield of 6.9%, rated as high yield. Property prices sit below the state median ($360K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.8x is considered affordable. House prices have moved +38.5% year-on-year.
Nyngan is a small community in New South Wales within the Bogan local government area (postcode 2825). With a population of 1,953, the suburb has an established demographic with a median age of 41. Households earn a median income of $74K per year, with an average household size of 2.4 people. The most common occupations are professionals, machinery operators & drivers, labourers. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Nyngan is $360,000, having surged 38.5% over the past year. Units have a median price of $160,000 (-37.9% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 6.9%. The median monthly mortgage repayment is $1,083.
Nyngan is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 885, which is well below the national average of 1,000. Public transport access includes 66 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Bogan LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Nyngan offers a gross rental yield of 6.9%, rated as high yield. Property prices sit below the state median ($360K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.8x is considered affordable. House prices have moved +38.5% year-on-year.