Paringi is a quiet locality in New South Wales within the Wentworth local government area (postcode 2738). With a population of 29, the suburb has a young professional demographic with a median age of 29. Households earn a median income of $75K per year, with an average household size of 2.8 people. The most common occupations are labourers, managers. The top ancestries reported are English, Scottish, Italian.
The median house price in Paringi is $1.5 million, having dropped significantly 31.8% over the past year. The current median weekly rent is $590. This gives a gross rental yield of approximately 2.0%.
The crime rate in the Wentworth LGA is moderate at 5,817 incidents per 100,000 population.
From an investment perspective, Paringi offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 20.1x is considered stretched. House prices have moved -31.8% year-on-year.
Paringi is a quiet locality in New South Wales within the Wentworth local government area (postcode 2738). With a population of 29, the suburb has a young professional demographic with a median age of 29. Households earn a median income of $75K per year, with an average household size of 2.8 people. The most common occupations are labourers, managers. The top ancestries reported are English, Scottish, Italian.
The median house price in Paringi is $1.5 million, having dropped significantly 31.8% over the past year. The current median weekly rent is $590. This gives a gross rental yield of approximately 2.0%.
The crime rate in the Wentworth LGA is moderate at 5,817 incidents per 100,000 population.
From an investment perspective, Paringi offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 20.1x is considered stretched. House prices have moved -31.8% year-on-year.