Mitchells Island (postcode 2430) is a quiet locality in New South Wales within the Mid-Coast local government area. With a population of 462, the suburb has a predominantly older resident base with a median age of 55. Households earn a median income of $68K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 managers, professionals, labourers. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Scottish.
Mitchells Island has a median house price of $933,000, which has risen steeply by 13.4% year-on-year. The current median weekly rent is $530. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,244.
Mitchells Island is served by 1 school, including 1 primary. The average ICSEA score is 917, which is below the national average of 1,000. Public transport access includes 5 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
On the investment side, Mitchells Island shows a gross rental yield of approximately 3.0%, rated as low yield. Property prices sit below the state median ($933K/$1.5M), which can point to relative value. The price-to-income ratio of 13.8x is considered stretched. House prices have moved +13.4% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.