Minnamurra is a small community in New South Wales within the Kiama local government area (postcode 2533). With a population of 804, the suburb has a mature demographic with a median age of 50. Households earn a median income of $82K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Minnamurra is $1.8 million, having surged 22.4% over the past year. Units have a median price of $2.0 million (+179.7% YoY). The current median weekly rent is $728. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,580.
Minnamurra is served by 1 school, including 1 primary. The average ICSEA score is 1068, which is above the national average of 1,000. Public transport access includes 4 rail stations, 13 bus stops. The crime rate in the Kiama LGA is low at 1,670 incidents per 100,000 population.
From an investment perspective, Minnamurra offers a gross rental yield of 2.1%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 22.0x is considered stretched. House prices have moved +22.4% year-on-year.
Minnamurra is a small community in New South Wales within the Kiama local government area (postcode 2533). With a population of 804, the suburb has a mature demographic with a median age of 50. Households earn a median income of $82K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Minnamurra is $1.8 million, having surged 22.4% over the past year. Units have a median price of $2.0 million (+179.7% YoY). The current median weekly rent is $728. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,580.
Minnamurra is served by 1 school, including 1 primary. The average ICSEA score is 1068, which is above the national average of 1,000. Public transport access includes 4 rail stations, 13 bus stops. The crime rate in the Kiama LGA is low at 1,670 incidents per 100,000 population.
From an investment perspective, Minnamurra offers a gross rental yield of 2.1%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 22.0x is considered stretched. House prices have moved +22.4% year-on-year.