Mihi is a quiet locality in New South Wales within the Uralla local government area (postcode 2358). With a population of 32, the suburb has an established demographic with a median age of 42. Households earn a median income of $123K per year, with an average household size of 2.7 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Mihi is $2.8 million, having dropped significantly 47.1% over the past year. The current median weekly rent is $440. This gives a gross rental yield of approximately 0.8%. The median monthly mortgage repayment is $4,000.
Public transport access includes 4 bus stops. The crime rate in the Uralla LGA is below average at 2,592 incidents per 100,000 population.
From an investment perspective, Mihi offers a gross rental yield of 0.8%, rated as low yield. Property prices are above the state median ($2.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 22.3x is considered stretched. House prices have moved -47.1% year-on-year.
Mihi is a quiet locality in New South Wales within the Uralla local government area (postcode 2358). With a population of 32, the suburb has an established demographic with a median age of 42. Households earn a median income of $123K per year, with an average household size of 2.7 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Mihi is $2.8 million, having dropped significantly 47.1% over the past year. The current median weekly rent is $440. This gives a gross rental yield of approximately 0.8%. The median monthly mortgage repayment is $4,000.
Public transport access includes 4 bus stops. The crime rate in the Uralla LGA is below average at 2,592 incidents per 100,000 population.
From an investment perspective, Mihi offers a gross rental yield of 0.8%, rated as low yield. Property prices are above the state median ($2.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 22.3x is considered stretched. House prices have moved -47.1% year-on-year.