Urunga is a smaller suburb in New South Wales within the Bellingen local government area (postcode 2455). It is home to about 3,185 residents, with an older demographic and a median age of 55. Households earn a median income of $56K 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 +0.3% 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 professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
The median house price in Urunga is $889,000, having climbed sharply by 14% over the past year. Units have a median price of $590,000 (+24.2% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,647.
Urunga is served by 1 school, including 1 primary. The average ICSEA score is 974, which is around the national average of 1,000. Public transport access includes 1 rail station, 1 ferry wharf, 18 bus stops. The crime rate in the Bellingen LGA is below average at 3,605 incidents per 100,000 population.
On the investment side, Urunga shows a gross rental yield of approximately 3.2%, rated as moderate yield. Property prices sit below the state median ($889K/$1.5M), which can point to relative value. The price-to-income ratio of 16.0x is considered stretched. House prices have moved +14.0% year-on-year. Population growth of +0.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.