Minmi is a small community in New South Wales within the Newcastle local government area (postcode 2287). With a population of 700, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $99K per year, with an average household size of 2.9 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Minmi is $550,000, having dropped significantly 19.7% over the past year. Units have a median price of $590,000. The current median weekly rent is $620. This gives a gross rental yield of approximately 5.9%. The median monthly mortgage repayment is $1,950.
Minmi is served by 1 school, including 1 primary. The average ICSEA score is 1018, which is around the national average of 1,000. Public transport access includes 10 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Minmi offers a gross rental yield of 5.9%, rated as high yield. Property prices sit below the state median ($550K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.6x is considered affordable. House prices have moved -19.7% year-on-year.
Minmi is a small community in New South Wales within the Newcastle local government area (postcode 2287). With a population of 700, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $99K per year, with an average household size of 2.9 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Minmi is $550,000, having dropped significantly 19.7% over the past year. Units have a median price of $590,000. The current median weekly rent is $620. This gives a gross rental yield of approximately 5.9%. The median monthly mortgage repayment is $1,950.
Minmi is served by 1 school, including 1 primary. The average ICSEA score is 1018, which is around the national average of 1,000. Public transport access includes 10 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Minmi offers a gross rental yield of 5.9%, rated as high yield. Property prices sit below the state median ($550K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.6x is considered affordable. House prices have moved -19.7% year-on-year.