Mallanganee is a quiet locality in New South Wales within the Kyogle local government area (postcode 2469). With a population of 137, the suburb has an older demographic with a median age of 57. Households earn a median income of $47K per year, with an average household size of 2.1 people. The most common occupations are managers, clerical & administrative, machinery operators & drivers. The top ancestries reported are Australian, English, Irish.
The median house price in Mallanganee is $333,000, having grown strongly 9.2% over the past year. The current median weekly rent is $490. This gives a gross rental yield of approximately 7.7%. The median monthly mortgage repayment is $609.
Public transport access includes 5 bus stops. The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, Mallanganee offers a gross rental yield of 7.7%, rated as high yield. Property prices sit below the state median ($333K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.0x is considered moderate. House prices have moved +9.2% year-on-year.
Mallanganee is a quiet locality in New South Wales within the Kyogle local government area (postcode 2469). With a population of 137, the suburb has an older demographic with a median age of 57. Households earn a median income of $47K per year, with an average household size of 2.1 people. The most common occupations are managers, clerical & administrative, machinery operators & drivers. The top ancestries reported are Australian, English, Irish.
The median house price in Mallanganee is $333,000, having grown strongly 9.2% over the past year. The current median weekly rent is $490. This gives a gross rental yield of approximately 7.7%. The median monthly mortgage repayment is $609.
Public transport access includes 5 bus stops. The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, Mallanganee offers a gross rental yield of 7.7%, rated as high yield. Property prices sit below the state median ($333K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.0x is considered moderate. House prices have moved +9.2% year-on-year.