Yarrawonga is a small, quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). The area has roughly 445 residents and a settled, mature resident base, with a median age of 46. Households earn a median income of $63K per year, with an average household size of 2.7 people. 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 machinery operators & drivers, technicians & trades, community & personal service. Employment in the area leans toward healthcare and mining. The top ancestries reported are Australian, English, Scottish.
The median house price in Yarrawonga is $620,000, having surged by 20.4% over the past year. The current median weekly rent is $590. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $1,430.
Public transport access includes 15 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 4.9%, which reads as moderate yield. Property prices sit below the state median ($620K/$1.5M), which can point to relative value. The price-to-income ratio of 9.9x is considered moderate. House prices have moved +20.4% year-on-year.