Mitchells Flat (postcode 2330) is a sparsely populated locality in New South Wales within the Singleton local government area. With a population of 242, the suburb has a settled mid-life population with a median age of 43. Households earn a median income of $151K per year, with an average household size of 3 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 technicians & trades, machinery operators & drivers, clerical & administrative. Employment in the area leans toward mining and retail trade. The top ancestries reported are Australian, English, Irish.
Mitchells Flat has a median house price of $748,000, which has surged by 45.1% year-on-year. The current median weekly rent is $600. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $2,600.
Public transport access includes 5 bus stops. The crime rate in the Singleton LGA is below average at 3,442 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 4.2%, which reads as moderate yield. Property prices sit below the state median ($748K/$1.5M), which can point to relative value. The price-to-income ratio of 4.9x is considered affordable. House prices have moved +45.1% 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.