Piambong is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). With a population of 157, the suburb has a mature demographic with a median age of 48. Households earn a median income of $94K per year, with an average household size of 2.6 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Piambong is $850,000, having declined 6.1% over the past year. The current median weekly rent is $615. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,817.
Public transport access includes 6 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,221 incidents per 100,000 population.
From an investment perspective, Piambong offers a gross rental yield of 3.8%, rated as moderate yield. Property prices sit below the state median ($850K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.0x is considered moderate. House prices have moved -6.1% year-on-year.
Piambong is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). With a population of 157, the suburb has a mature demographic with a median age of 48. Households earn a median income of $94K per year, with an average household size of 2.6 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Piambong is $850,000, having declined 6.1% over the past year. The current median weekly rent is $615. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,817.
Public transport access includes 6 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,221 incidents per 100,000 population.
From an investment perspective, Piambong offers a gross rental yield of 3.8%, rated as moderate yield. Property prices sit below the state median ($850K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.0x is considered moderate. House prices have moved -6.1% year-on-year.