Minmi is a small community in New South Wales within the Newcastle local government area (postcode 2287). It is home to about 700 residents, with a blend of families and working-age professionals and a median age of 35. Households earn a median income of $99K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% 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 technicians & trades, professionals, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
The median house price in Minmi is $530,000, having dropped significantly by 31.6% over the past year. The current median weekly rent is $650. This gives a gross rental yield of approximately 6.4%. 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 6,285 incidents per 100,000 population.
From an investment perspective, Minmi shows a gross rental yield of approximately 6.4%, rated as high yield. Property prices sit below the state median ($530K/$1.5M), which can point to relative value. The price-to-income ratio of 5.4x is considered affordable. House prices have moved -31.6% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.