Mitchells Island is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2430). With a population of 462, the suburb has an older demographic with a median age of 55. Households earn a median income of $68K per year, with an average household size of 2.4 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Mitchells Island is $830,000, having dropped significantly 10.3% over the past year. The current median weekly rent is $495. This gives a gross rental yield of approximately 3.1%. 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 3,753 incidents per 100,000 population.
From an investment perspective, Mitchells Island offers a gross rental yield of 3.1%, rated as moderate yield. Property prices sit below the state median ($830K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.2x is considered stretched. House prices have moved -10.3% year-on-year.
Mitchells Island is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2430). With a population of 462, the suburb has an older demographic with a median age of 55. Households earn a median income of $68K per year, with an average household size of 2.4 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Mitchells Island is $830,000, having dropped significantly 10.3% over the past year. The current median weekly rent is $495. This gives a gross rental yield of approximately 3.1%. 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 3,753 incidents per 100,000 population.
From an investment perspective, Mitchells Island offers a gross rental yield of 3.1%, rated as moderate yield. Property prices sit below the state median ($830K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.2x is considered stretched. House prices have moved -10.3% year-on-year.