Reno is a quiet locality in New South Wales within the Cootamundra-Gundagai Regional local government area (postcode 2722). With a population of 131, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $99K per year, with an average household size of 2.9 people. The most common occupations are labourers, managers, clerical & administrative. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Reno is $440,000, having surged 67.6% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 7.1%. The median monthly mortgage repayment is $1,495.
Public transport access includes 12 bus stops.
From an investment perspective, Reno offers a gross rental yield of 7.1%, rated as high yield. Property prices sit below the state median ($440K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.4x is considered affordable. House prices have moved +67.6% year-on-year.
Reno is a quiet locality in New South Wales within the Cootamundra-Gundagai Regional local government area (postcode 2722). With a population of 131, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $99K per year, with an average household size of 2.9 people. The most common occupations are labourers, managers, clerical & administrative. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Reno is $440,000, having surged 67.6% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 7.1%. The median monthly mortgage repayment is $1,495.
Public transport access includes 12 bus stops.
From an investment perspective, Reno offers a gross rental yield of 7.1%, rated as high yield. Property prices sit below the state median ($440K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.4x is considered affordable. House prices have moved +67.6% year-on-year.