Nyrang Creek is a quiet locality in New South Wales within the Cabonne local government area (postcode 2804). With a population of 29, the suburb has an older demographic with a median age of 58. Households earn a median income of $81K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers. The top ancestries reported are Australian, English, Irish.
The median house price in Nyrang Creek is $1.3 million, having dropped significantly 18.5% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $1,961.
Public transport access includes 4 bus stops. The crime rate in the Cabonne LGA is low at 1,856 incidents per 100,000 population.
From an investment perspective, Nyrang Creek offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 15.7x is considered stretched. House prices have moved -18.5% year-on-year.
Nyrang Creek is a quiet locality in New South Wales within the Cabonne local government area (postcode 2804). With a population of 29, the suburb has an older demographic with a median age of 58. Households earn a median income of $81K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers. The top ancestries reported are Australian, English, Irish.
The median house price in Nyrang Creek is $1.3 million, having dropped significantly 18.5% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $1,961.
Public transport access includes 4 bus stops. The crime rate in the Cabonne LGA is low at 1,856 incidents per 100,000 population.
From an investment perspective, Nyrang Creek offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 15.7x is considered stretched. House prices have moved -18.5% year-on-year.