Mirador is a small locality in New South Wales within the Bega Valley local government area (postcode 2548). The area has roughly 519 residents and an older-leaning population, with a median age of 52. Households earn a median income of $86K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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 professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Median house prices in Mirador stand at $302,000, having dropped significantly by 52.7% over the last twelve months. Units have a median price of $805,000 (-14.6% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 10.8%. The median monthly mortgage repayment is $1,950.
Public transport access includes 8 bus stops. The crime rate in the Bega Valley LGA is below average at 2,313 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 10.8%, which reads as high yield. Property prices sit below the state median ($302K/$1.5M), which can point to relative value. The price-to-income ratio of 3.5x is considered affordable. House prices have moved -52.7% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.