Trangie is a small community in New South Wales within the Narromine local government area (postcode 2823). With a population of 1,073, the suburb has a mature demographic with a median age of 45. Households earn a median income of $63K per year, with an average household size of 2.2 people. The most common occupations are managers, machinery operators & drivers, labourers. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Trangie is $136,000, having dropped significantly 58.5% over the past year. The median weekly rent is $180 (Census 2021). This gives a gross rental yield of approximately 6.9%. The median monthly mortgage repayment is $1,005.
Trangie is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 838, which is well below the national average of 1,000. Public transport access includes 38 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Narromine LGA is moderate at 5,846 incidents per 100,000 population.
From an investment perspective, Trangie offers a gross rental yield of 6.9%, rated as high yield. Property prices sit below the state median ($136K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.1x is considered affordable. House prices have moved -58.5% year-on-year.
Trangie is a small community in New South Wales within the Narromine local government area (postcode 2823). With a population of 1,073, the suburb has a mature demographic with a median age of 45. Households earn a median income of $63K per year, with an average household size of 2.2 people. The most common occupations are managers, machinery operators & drivers, labourers. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Trangie is $136,000, having dropped significantly 58.5% over the past year. The median weekly rent is $180 (Census 2021). This gives a gross rental yield of approximately 6.9%. The median monthly mortgage repayment is $1,005.
Trangie is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 838, which is well below the national average of 1,000. Public transport access includes 38 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Narromine LGA is moderate at 5,846 incidents per 100,000 population.
From an investment perspective, Trangie offers a gross rental yield of 6.9%, rated as high yield. Property prices sit below the state median ($136K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.1x is considered affordable. House prices have moved -58.5% year-on-year.