Pyramul (postcode 2850) is a quiet locality in New South Wales within the Mid-Western Regional local government area. It is home to about 60 residents, with a predominantly older resident base and a median age of 57. Households earn a median income of $54K per year, with an average household size of 2.2 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, labourers, technicians & trades. Employment in the area leans toward agriculture and retail trade. The top ancestries reported are English, Australian, Irish.
Pyramul has a median house price of $295,000, holding roughly steady year-on-year. The current median weekly rent is $590. This gives a gross rental yield of approximately 10.4%. The median monthly mortgage repayment is $1,062.
Public transport access includes 3 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 10.4%, which reads as high yield. Property prices sit below the state median ($295K/$1.5M), which can point to relative value. The price-to-income ratio of 5.4x is considered affordable. House prices have moved +0.0% year-on-year.