Micalo Island is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2464). With a population of 45, the suburb has an older demographic with a median age of 56. Households earn a median income of $110K per year, with an average household size of 2.1 people. The most common occupations are community & personal service, professionals. The top ancestries reported are English, Irish, German.
The median house price in Micalo Island is $8.8 million, having surged 714% over the past year. The current median weekly rent is $630. This gives a gross rental yield of approximately 0.4%. The median monthly mortgage repayment is $2,117.
The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Micalo Island offers a gross rental yield of 0.4%, rated as low yield. Property prices are above the state median ($8.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 79.2x is considered stretched. House prices have moved +714.0% year-on-year.
Micalo Island is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2464). With a population of 45, the suburb has an older demographic with a median age of 56. Households earn a median income of $110K per year, with an average household size of 2.1 people. The most common occupations are community & personal service, professionals. The top ancestries reported are English, Irish, German.
The median house price in Micalo Island is $8.8 million, having surged 714% over the past year. The current median weekly rent is $630. This gives a gross rental yield of approximately 0.4%. The median monthly mortgage repayment is $2,117.
The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Micalo Island offers a gross rental yield of 0.4%, rated as low yield. Property prices are above the state median ($8.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 79.2x is considered stretched. House prices have moved +714.0% year-on-year.