- LeighMember@leighJoin Date: 2003Post Count: 130
Just looking on domain.com there seems to be a lot of properties for sale in Numurkah with returns of >7%. If there’s anyone from this area, or anyone who’s familiar with it could you please fill me in on a couple of local facts, ie: population, future direction. I’m currently working to build a portfolio of positive cashflow properties.
Thanks heaps 
LeighDavidUMember@daviduJoin Date: 2001Post Count: 101
I know the areas but not very well as I have only been there a few times.
Shepparton and Mooroopna are the 2 main regional centres close to Nurmurkah. Shep’s population is in excess of 30k and Mooroopna is less than 10k.
Nurmurkah’s population is only about 2000 or so.
Main industry there is mainly agricultural with quite a transient population, ie quite a few backpackers, fruit picker, ie seasonal workers etc
Problem is no bank will lend more than 80% (if you’re lucky) due to the popultion size.
Hope this tiny bit of info helps
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