Nyngan (postcode 2825) is a small locality in New South Wales within the Bogan local government area. The area has roughly 1,953 residents and an established family 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. Recent annual estimates show population movement softening across the broader catchment, with population growth running at -1.4% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, machinery operators & drivers, labourers. Employment in the area leans toward mining and agriculture. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Nyngan is $255,000, having risen solidly by 6.3% over the past year. The current median weekly rent is $315. This gives a gross rental yield of approximately 6.4%. 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.
On the investment side, Gross rental yield sits at around 6.4% (high yield). Property prices sit below the state median ($255K/$1.5M), which can point to relative value. The price-to-income ratio of 3.4x is considered affordable. House prices have moved +6.3% year-on-year. Population growth of -1.4% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.