Minnie Water is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2462). With a population of 212, the suburb has an older demographic with a median age of 59. Households earn a median income of $59K per year, with an average household size of 2.2 people. The most common occupations are professionals, labourers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Minnie Water is $833,000, having dropped significantly 26% over the past year. Units have a median price of $664,000 (+84.4% YoY). The current median weekly rent is $510. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,300.
Public transport access includes 11 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Minnie Water offers a gross rental yield of 3.2%, rated as moderate yield. Property prices sit below the state median ($833K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.0x is considered stretched. House prices have moved -26.0% year-on-year.
Minnie Water is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2462). With a population of 212, the suburb has an older demographic with a median age of 59. Households earn a median income of $59K per year, with an average household size of 2.2 people. The most common occupations are professionals, labourers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Minnie Water is $833,000, having dropped significantly 26% over the past year. Units have a median price of $664,000 (+84.4% YoY). The current median weekly rent is $510. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,300.
Public transport access includes 11 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Minnie Water offers a gross rental yield of 3.2%, rated as moderate yield. Property prices sit below the state median ($833K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.0x is considered stretched. House prices have moved -26.0% year-on-year.