Oolong is a quiet locality in New South Wales within the Upper Lachlan Shire local government area (postcode 2581). With a population of 54, the suburb has an established demographic with a median age of 43. Households earn a median income of $98K per year, with an average household size of 2.6 people. The most common occupations are managers, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Oolong is $1.0 million, having surged 74% over the past year. The median weekly rent is $285 (Census 2021). This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $1,733.
Public transport access includes 5 bus stops. The crime rate in the Upper Lachlan Shire LGA is low at 1,562 incidents per 100,000 population.
From an investment perspective, Oolong offers a gross rental yield of 1.5%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.4x is considered stretched. House prices have moved +74.0% year-on-year.
Oolong is a quiet locality in New South Wales within the Upper Lachlan Shire local government area (postcode 2581). With a population of 54, the suburb has an established demographic with a median age of 43. Households earn a median income of $98K per year, with an average household size of 2.6 people. The most common occupations are managers, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Oolong is $1.0 million, having surged 74% over the past year. The median weekly rent is $285 (Census 2021). This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $1,733.
Public transport access includes 5 bus stops. The crime rate in the Upper Lachlan Shire LGA is low at 1,562 incidents per 100,000 population.
From an investment perspective, Oolong offers a gross rental yield of 1.5%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.4x is considered stretched. House prices have moved +74.0% year-on-year.