Murrumbidgee, NSW
Murrumbidgee Council is a local government area in New South Wales, located in the Riverina region. The LGA’s property market is rural and includes farmland, small towns and villages, supported by the local farming community with a strong demand for rural properties. The outlook is relatively stable, with house prices increasing slowly over time. There is good access to services and infrastructure, and the market is well-serviced by agents and brokers.
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The region is well known for its fertile farming land and produces a wide range of crops and livestock, with a strong focus on wool production. The LGA also has a number of popular tourist destinations.
Managers account for 29.6 % of employment in Murrumbidgee, followed by labourers at 16.1 %, clerical and administrative workers at 10.6 %, technicians and trades workers at 10.3 %, and professionals at 9.1 %. Murrumbidgee’s typical weekly personal income for residents aged 15 years and older is $659.
The real estate here is mostly farms, but there are also some homes in the towns. The homes are mostly modest, with a few larger properties. In Murrumbidgee, 93.3 % of occupied private residences are detached houses, 0.2 % are semi-detached, row or terrace houses, townhouses, or other buildings, 4.4 % are flats or apartments, and 1.6 % are other dwellings.
There are a few things to consider when investing in property in Murrumbidgee. Firstly, you should research the area to see how it is performing and whether it is expected to grow in the future. It is also important to consider the cost of property in the area and whether it is affordable. You should also look at the potential for capital growth and rental income.
Discover the latest trends in the Murrumbidgee property market with the help of interactive dashboard below.
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Capital Growth Heatmap
Property Market Snapshot
This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.
Buy
2BR
3BR
4BR
5BR
Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.
Rent
2BR
3BR
4BR
5BR
Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.
Yield
2BR
3BR
4BR
5BR
Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.
Buy
1BR
2BR
3BR
Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.
Rent
1BR
2BR
3BR
Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.
Yield
1BR
2BR
3BR
Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.
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How to use this Dashboard
This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.
Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.
Get the Professional Subscription to see trends for advanced property market metrics that indicate real estate demand and supply in this LGA.
Property Market in Murrumbidgee Council, NSW
Murrumbidgee Council is surrounded by 5 other council areas – Leeton, Griffith, Berrigan, Narrandera, Federation.
Suburbs/localities in this Local Government Area: Coree 2710, Darlington Point 2706, Finley 2713, Four Corners 2716, Gala Vale 2716, Jerilderie 2716, Logie Brae 2713, Mabins Well 2716, Mairjimmy 2716, Nyora 2646, Oaklands 2646, Steam Plains 2710, Bundure 2700, Argoon 2707, Carrathool 2711, Coleambally 2707