Located in New South Wales within the Port Stephens local government area, Mallabula is a small locality (postcode 2319). The area has roughly 963 residents and an older-leaning population, with a median age of 49. Households earn a median income of $61K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, labourers, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Irish.
Mallabula has a median house price of $735,000, which has grown strongly by 5.1% year-on-year. Units have a median price of $240,000 (-29.4% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,500.
Public transport access includes 11 bus stops. The crime rate in the Port Stephens LGA is below average at 3,152 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 4.8% (moderate yield). Property prices sit below the state median ($735K/$1.5M), which can point to relative value. The price-to-income ratio of 12.1x is considered stretched. House prices have moved +5.1% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.