Quorrobolong is a small community in New South Wales within the Cessnock local government area (postcode 2325). With a population of 573, the suburb has a mature demographic with a median age of 48. Households earn a median income of $124K per year, with an average household size of 2.9 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Quorrobolong is $1.6 million, having surged 38.4% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,600.
Public transport access includes 19 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Quorrobolong offers a gross rental yield of 1.8%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 12.5x is considered stretched. House prices have moved +38.4% year-on-year.
Quorrobolong is a small community in New South Wales within the Cessnock local government area (postcode 2325). With a population of 573, the suburb has a mature demographic with a median age of 48. Households earn a median income of $124K per year, with an average household size of 2.9 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Quorrobolong is $1.6 million, having surged 38.4% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,600.
Public transport access includes 19 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Quorrobolong offers a gross rental yield of 1.8%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 12.5x is considered stretched. House prices have moved +38.4% year-on-year.