Mallan is a quiet locality in New South Wales within the Murray River local government area (postcode 2734). With a population of 45, the suburb has an established demographic with a median age of 39. Households earn a median income of $91K per year, with an average household size of 3.1 people. The most common occupations are managers, machinery operators & drivers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Mallan is $450,000, having surged 7400% over the past year. The median weekly rent is $120 (Census 2021). This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $867.
Public transport access includes 3 bus stops. The crime rate in the Murray River LGA is below average at 3,406 incidents per 100,000 population.
From an investment perspective, Mallan offers a gross rental yield of 1.4%, rated as low yield. Property prices sit below the state median ($450K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.9x is considered affordable. House prices have moved +7400.0% year-on-year.
Mallan is a quiet locality in New South Wales within the Murray River local government area (postcode 2734). With a population of 45, the suburb has an established demographic with a median age of 39. Households earn a median income of $91K per year, with an average household size of 3.1 people. The most common occupations are managers, machinery operators & drivers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Mallan is $450,000, having surged 7400% over the past year. The median weekly rent is $120 (Census 2021). This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $867.
Public transport access includes 3 bus stops. The crime rate in the Murray River LGA is below average at 3,406 incidents per 100,000 population.
From an investment perspective, Mallan offers a gross rental yield of 1.4%, rated as low yield. Property prices sit below the state median ($450K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.9x is considered affordable. House prices have moved +7400.0% year-on-year.