Weemelah is a quiet locality in New South Wales within the Moree Plains local government area (postcode 2406). With a population of 86, the suburb has an established demographic with a median age of 38. Households earn a median income of $60K per year, with an average household size of 2.5 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Weemelah is $50,000, having dropped significantly 29.3% over the past year. The current median weekly rent is $232. This gives a gross rental yield of approximately 24.4%. The median monthly mortgage repayment is $2,700.
Public transport access includes 2 bus stops. The crime rate in the Moree Plains LGA is higher than average at 13,538 incidents per 100,000 population.
From an investment perspective, Weemelah offers a gross rental yield of 24.4%, rated as high yield. Property prices sit below the state median ($50K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 0.8x is considered affordable. House prices have moved -29.3% year-on-year.
Weemelah is a quiet locality in New South Wales within the Moree Plains local government area (postcode 2406). With a population of 86, the suburb has an established demographic with a median age of 38. Households earn a median income of $60K per year, with an average household size of 2.5 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Weemelah is $50,000, having dropped significantly 29.3% over the past year. The current median weekly rent is $232. This gives a gross rental yield of approximately 24.4%. The median monthly mortgage repayment is $2,700.
Public transport access includes 2 bus stops. The crime rate in the Moree Plains LGA is higher than average at 13,538 incidents per 100,000 population.
From an investment perspective, Weemelah offers a gross rental yield of 24.4%, rated as high yield. Property prices sit below the state median ($50K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 0.8x is considered affordable. House prices have moved -29.3% year-on-year.