Millingandi is a small community in New South Wales within the Bega Valley local government area (postcode 2549). With a population of 519, the suburb has an older demographic with a median age of 62. Households earn a median income of $45K per year, with an average household size of 2 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Millingandi is $800,000, having dropped significantly 17.5% over the past year. The current median weekly rent is $640. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,517.
Public transport access includes 12 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Millingandi offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($800K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 17.9x is considered stretched. House prices have moved -17.5% year-on-year.
Millingandi is a small community in New South Wales within the Bega Valley local government area (postcode 2549). With a population of 519, the suburb has an older demographic with a median age of 62. Households earn a median income of $45K per year, with an average household size of 2 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Millingandi is $800,000, having dropped significantly 17.5% over the past year. The current median weekly rent is $640. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,517.
Public transport access includes 12 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Millingandi offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($800K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 17.9x is considered stretched. House prices have moved -17.5% year-on-year.