Michelago is a small community in New South Wales within the Snowy Monaro Regional local government area (postcode 2620). With a population of 642, the suburb has an established demographic with a median age of 38. Households earn a median income of $143K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Michelago is $1.1 million, having surged 16.1% over the past year. The current median weekly rent is $595. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,330.
Michelago is served by 1 school, including 1 primary. The average ICSEA score is 990, which is around the national average of 1,000. Public transport access includes 2 rail stations, 5 bus stops. The crime rate in the Snowy Monaro Regional LGA is below average at 2,178 incidents per 100,000 population.
From an investment perspective, Michelago offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 7.7x is considered moderate. House prices have moved +16.1% year-on-year.
Michelago is a small community in New South Wales within the Snowy Monaro Regional local government area (postcode 2620). With a population of 642, the suburb has an established demographic with a median age of 38. Households earn a median income of $143K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Michelago is $1.1 million, having surged 16.1% over the past year. The current median weekly rent is $595. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,330.
Michelago is served by 1 school, including 1 primary. The average ICSEA score is 990, which is around the national average of 1,000. Public transport access includes 2 rail stations, 5 bus stops. The crime rate in the Snowy Monaro Regional LGA is below average at 2,178 incidents per 100,000 population.
From an investment perspective, Michelago offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 7.7x is considered moderate. House prices have moved +16.1% year-on-year.