Tunglebung is a quiet locality in New South Wales within the Kyogle local government area (postcode 2469). With a population of 42, the suburb has a mature demographic with a median age of 53. Households earn a median income of $71K per year, with an average household size of 2.2 people. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Tunglebung is $265,000, having dropped significantly 86.6% over the past year. The current median weekly rent is $490. This gives a gross rental yield of approximately 9.6%. The median monthly mortgage repayment is $1,600.
Public transport access includes 4 bus stops. The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, Tunglebung offers a gross rental yield of 9.6%, rated as high yield. Property prices sit below the state median ($265K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.7x is considered affordable. House prices have moved -86.6% year-on-year.
Tunglebung is a quiet locality in New South Wales within the Kyogle local government area (postcode 2469). With a population of 42, the suburb has a mature demographic with a median age of 53. Households earn a median income of $71K per year, with an average household size of 2.2 people. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Tunglebung is $265,000, having dropped significantly 86.6% over the past year. The current median weekly rent is $490. This gives a gross rental yield of approximately 9.6%. The median monthly mortgage repayment is $1,600.
Public transport access includes 4 bus stops. The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, Tunglebung offers a gross rental yield of 9.6%, rated as high yield. Property prices sit below the state median ($265K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.7x is considered affordable. House prices have moved -86.6% year-on-year.