Trangie is a close-knit residential community in New South Wales within the Narromine local government area (postcode 2823). With a population of 1,073, the suburb has a settled, mature resident base with a median age of 45. Households earn a median income of $63K per year, with an average household size of 2.2 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, labourers. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Aboriginal Australian.
Trangie has a median house price of $220,000, which has dropped significantly by 10.2% year-on-year. The current median weekly rent is $280. This gives a gross rental yield of approximately 6.6%. 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 5,836 incidents per 100,000 population.
Looking at the investment signals, Trangie shows a gross rental yield of approximately 6.6%, rated as high yield. Property prices sit below the state median ($220K/$1.5M), which can point to relative value. The price-to-income ratio of 3.5x is considered affordable. House prices have moved -10.2% 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.