Black Mountain is a quiet locality in New South Wales within the Armidale Regional local government area (postcode 2365). With a population of 291, the suburb has a mature demographic with a median age of 47. Households earn a median income of $92K per year, with an average household size of 2.6 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Black Mountain is $375,000, having dropped significantly 13.3% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 6.2%. The median monthly mortgage repayment is $2,000.
Black Mountain is served by 1 school, including 1 primary. The average ICSEA score is 807, which is well below the national average of 1,000. Public transport access includes 23 bus stops. The crime rate in the Armidale Regional LGA is moderate at 6,478 incidents per 100,000 population.
From an investment perspective, Black Mountain offers a gross rental yield of 6.2%, rated as high yield. Property prices sit below the state median ($375K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.1x is considered affordable. House prices have moved -13.3% year-on-year.
Black Mountain is a quiet locality in New South Wales within the Armidale Regional local government area (postcode 2365). With a population of 291, the suburb has a mature demographic with a median age of 47. Households earn a median income of $92K per year, with an average household size of 2.6 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Black Mountain is $375,000, having dropped significantly 13.3% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 6.2%. The median monthly mortgage repayment is $2,000.
Black Mountain is served by 1 school, including 1 primary. The average ICSEA score is 807, which is well below the national average of 1,000. Public transport access includes 23 bus stops. The crime rate in the Armidale Regional LGA is moderate at 6,478 incidents per 100,000 population.
From an investment perspective, Black Mountain offers a gross rental yield of 6.2%, rated as high yield. Property prices sit below the state median ($375K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.1x is considered affordable. House prices have moved -13.3% year-on-year.