Eighteen Mile is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 3, the suburb has an older demographic with a median age of 68. Households earn a median income of $26K per year, with an average household size of 2 people.
The median house price in Eighteen Mile is $235,000, having surged 4600% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 10.6%.
The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Eighteen Mile offers a gross rental yield of 10.6%, rated as high yield. Property prices sit below the state median ($235K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.0x is considered moderate. House prices have moved +4600.0% year-on-year.
Eighteen Mile is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 3, the suburb has an older demographic with a median age of 68. Households earn a median income of $26K per year, with an average household size of 2 people.
The median house price in Eighteen Mile is $235,000, having surged 4600% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 10.6%.
The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Eighteen Mile offers a gross rental yield of 10.6%, rated as high yield. Property prices sit below the state median ($235K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.0x is considered moderate. House prices have moved +4600.0% year-on-year.