Rannock is a quiet locality in New South Wales within the Coolamon local government area (postcode 2701). With a population of 78, the suburb has an established demographic with a median age of 39. Households earn a median income of $95K per year, with an average household size of 3.1 people. The most common occupations are managers, sales, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Rannock is $275,000, having dropped significantly 92.2% over the past year. The current median weekly rent is $370. This gives a gross rental yield of approximately 7.0%. The median monthly mortgage repayment is $542.
Public transport access includes 10 bus stops. The crime rate in the Coolamon LGA is low at 1,929 incidents per 100,000 population.
From an investment perspective, Rannock offers a gross rental yield of 7.0%, rated as high yield. Property prices sit below the state median ($275K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.9x is considered affordable. House prices have moved -92.2% year-on-year.
Rannock is a quiet locality in New South Wales within the Coolamon local government area (postcode 2701). With a population of 78, the suburb has an established demographic with a median age of 39. Households earn a median income of $95K per year, with an average household size of 3.1 people. The most common occupations are managers, sales, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Rannock is $275,000, having dropped significantly 92.2% over the past year. The current median weekly rent is $370. This gives a gross rental yield of approximately 7.0%. The median monthly mortgage repayment is $542.
Public transport access includes 10 bus stops. The crime rate in the Coolamon LGA is low at 1,929 incidents per 100,000 population.
From an investment perspective, Rannock offers a gross rental yield of 7.0%, rated as high yield. Property prices sit below the state median ($275K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.9x is considered affordable. House prices have moved -92.2% year-on-year.