Mellool is a quiet locality in New South Wales within the Murray River local government area (postcode 2734). With a population of 43, the suburb has an older demographic with a median age of 57. Households earn a median income of $68K per year, with an average household size of 2.2 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Mellool is $11 million, having surged 1264.5% over the past year. The median weekly rent is $165 (Census 2021). This gives a gross rental yield of approximately 0.1%.
Public transport access includes 1 bus stop. The crime rate in the Murray River LGA is below average at 3,406 incidents per 100,000 population.
From an investment perspective, Mellool offers a gross rental yield of 0.1%, rated as low yield. Property prices are above the state median ($10.9M/$1.5M), placing it in the premium segment. The price-to-income ratio of 160.0x is considered stretched. House prices have moved +1264.5% year-on-year.
Mellool is a quiet locality in New South Wales within the Murray River local government area (postcode 2734). With a population of 43, the suburb has an older demographic with a median age of 57. Households earn a median income of $68K per year, with an average household size of 2.2 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Mellool is $11 million, having surged 1264.5% over the past year. The median weekly rent is $165 (Census 2021). This gives a gross rental yield of approximately 0.1%.
Public transport access includes 1 bus stop. The crime rate in the Murray River LGA is below average at 3,406 incidents per 100,000 population.
From an investment perspective, Mellool offers a gross rental yield of 0.1%, rated as low yield. Property prices are above the state median ($10.9M/$1.5M), placing it in the premium segment. The price-to-income ratio of 160.0x is considered stretched. House prices have moved +1264.5% year-on-year.