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Suburb Insights ยท NSW 2423

Nerong 2423, New South Wales

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Nerong is a regional centre in New South Wales, Australia, with a population of approximately 168, making it a boutique locality. Located approximately 174 km from the Sydney CBD, Nerong is a regional area in New South Wales. The median household income is $44,824 AUD per year (ABS 2021 Census).

Investment Score

24 / 100 Weak

Nerong's income profile suggests a value-oriented market with competitive purchase prices. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Nerong, New South Wales, Australia.

Key Indicators

Postcode
2423

Official Australia Post postcode for Nerong. A postcode may cover multiple suburbs.

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Population
168

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$310/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$44,824/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
174 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,250/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
73% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Nerong serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $310/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,250/month.

Investment Strategy

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Buy & Hold

Capital growth in Nerong may be constrained โ€” consider alternative strategies.

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Rental Yield

Nerong can deliver reasonable rental income, though yields are not the primary draw.

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Renovation / Flip

Renovation or flip strategies in Nerong face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

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Full Property Analysis

30-year projections for Nerong

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Nerong faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. Rental demand may be softer โ€” budgeting for vacancy periods is prudent in Nerong's 2026 outlook. Investor sentiment toward Nerong is currently lukewarm โ€” value hunters may find opportunity here.

Frequently Asked Questions

Is Nerong a good suburb for investment?

Nerong is a regional area in New South Wales with a population of 168. The median rent is $310/week and the median household income is $44,824/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Nerong?

Key demand drivers in Nerong include regional employment hubs, lifestyle, and affordability. 73% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Nerong?

According to the ABS 2021 Census, Nerong has a population of approximately 168. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Nerong from the Sydney CBD?

Nerong is approximately 174 km straight-line distance from the Sydney CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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