Piambong (postcode 2850) is a sparsely populated locality in New South Wales within the Mid-Western Regional local government area. It is home to about 157 residents, with a settled, mature resident base and a median age of 48. Households earn a median income of $94K per year, with an average household size of 2.6 people. 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 managers, professionals, labourers. Employment in the area leans toward construction and agriculture. The top ancestries reported are English, Australian, Scottish.
Piambong has a median house price of $1.3 million, which has risen steeply by 112.5% year-on-year. The current median weekly rent is $590. This gives a gross rental yield of approximately 2.4%. 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 3,271 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.4%, which reads as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 13.7x is considered stretched. House prices have moved +112.5% year-on-year.