Mila is a quiet locality in New South Wales within the Snowy Monaro Regional local government area (postcode 2632). With a population of 55, the suburb has a mature demographic with a median age of 47. Households earn a median income of $97K per year, with an average household size of 2.7 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, German.
The median house price in Mila is $1.2 million, having surged 69% over the past year. The current median weekly rent is $280. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $450.
Public transport access includes 2 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, Mila offers a gross rental yield of 1.2%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 12.3x is considered stretched. House prices have moved +69.0% year-on-year.
Mila is a quiet locality in New South Wales within the Snowy Monaro Regional local government area (postcode 2632). With a population of 55, the suburb has a mature demographic with a median age of 47. Households earn a median income of $97K per year, with an average household size of 2.7 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, German.
The median house price in Mila is $1.2 million, having surged 69% over the past year. The current median weekly rent is $280. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $450.
Public transport access includes 2 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, Mila offers a gross rental yield of 1.2%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 12.3x is considered stretched. House prices have moved +69.0% year-on-year.