Cullenbone is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). With a population of 49, the suburb has a young professional demographic with a median age of 30. Households earn a median income of $163K per year, with an average household size of 3.8 people. The most common occupations are professionals, clerical & administrative, machinery operators & drivers. The top ancestries reported are Australian, English, Scottish.
The median house price in Cullenbone is $1.3 million, having surged 247.4% over the past year. The current median weekly rent is $615. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,400.
Public transport access includes 3 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,221 incidents per 100,000 population.
From an investment perspective, Cullenbone offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 7.8x is considered moderate. House prices have moved +247.4% year-on-year.
Cullenbone is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). With a population of 49, the suburb has a young professional demographic with a median age of 30. Households earn a median income of $163K per year, with an average household size of 3.8 people. The most common occupations are professionals, clerical & administrative, machinery operators & drivers. The top ancestries reported are Australian, English, Scottish.
The median house price in Cullenbone is $1.3 million, having surged 247.4% over the past year. The current median weekly rent is $615. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,400.
Public transport access includes 3 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,221 incidents per 100,000 population.
From an investment perspective, Cullenbone offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 7.8x is considered moderate. House prices have moved +247.4% year-on-year.