Tomingley (postcode 2869) is a small, quiet locality in New South Wales within the Narromine local government area. With a population of 342, the suburb has an older-leaning population with a median age of 50. Households earn a median income of $72K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.2% year-on-year at the LGA level. 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, machinery operators & drivers, community & personal service. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Tomingley stand at $575,000, having climbed sharply by 11.7% over the last twelve months. The current median weekly rent is $350. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,517.
Public transport access includes 19 bus stops. The crime rate in the Narromine LGA is moderate at 5,836 incidents per 100,000 population.
Looking at the investment signals, Tomingley shows a gross rental yield of approximately 3.2%, rated as moderate yield. Property prices sit below the state median ($575K/$1.5M), which can point to relative value. The price-to-income ratio of 8.0x is considered moderate. House prices have moved +11.7% year-on-year. Population growth of -0.2% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.