Mallee is a quiet locality in New South Wales within the Wentworth local government area (postcode 2738). With a population of 8, the suburb has an older demographic with a median age of 67. Households earn a median income of $104K per year, with an average household size of 2 people. The top ancestries reported are English, Aboriginal Australian.
The median house price in Mallee is $4.6 million, having dropped significantly 61.8% over the past year. The current median weekly rent is $590. This gives a gross rental yield of approximately 0.7%.
The crime rate in the Wentworth LGA is moderate at 5,817 incidents per 100,000 population.
From an investment perspective, Mallee offers a gross rental yield of 0.7%, rated as low yield. Property prices are above the state median ($4.6M/$1.5M), placing it in the premium segment. The price-to-income ratio of 44.1x is considered stretched. House prices have moved -61.8% year-on-year.
Mallee is a quiet locality in New South Wales within the Wentworth local government area (postcode 2738). With a population of 8, the suburb has an older demographic with a median age of 67. Households earn a median income of $104K per year, with an average household size of 2 people. The top ancestries reported are English, Aboriginal Australian.
The median house price in Mallee is $4.6 million, having dropped significantly 61.8% over the past year. The current median weekly rent is $590. This gives a gross rental yield of approximately 0.7%.
The crime rate in the Wentworth LGA is moderate at 5,817 incidents per 100,000 population.
From an investment perspective, Mallee offers a gross rental yield of 0.7%, rated as low yield. Property prices are above the state median ($4.6M/$1.5M), placing it in the premium segment. The price-to-income ratio of 44.1x is considered stretched. House prices have moved -61.8% year-on-year.