Milbrulong (postcode 2656) is a sparsely populated locality in New South Wales within the Lockhart local government area. It is home to about 119 residents, with an older-leaning population and a median age of 49. Households earn a median income of $60K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, community & personal service, clerical & administrative. Employment in the area leans toward agriculture and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Milbrulong sit at $110,000, little changed on a year ago. The current median weekly rent is $575. This gives a gross rental yield of approximately 27.2%. The median monthly mortgage repayment is $514.
Public transport access includes 7 bus stops. The crime rate in the Lockhart LGA is below average at 2,945 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 27.2% (high yield). Property prices sit below the state median ($110K/$1.5M), which can point to relative value. The price-to-income ratio of 1.8x is considered affordable. House prices have moved +0.0% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.