Mittagong is a mid-sized suburb in New South Wales within the Wingecarribee local government area (postcode 2575). With a population of 6,090, the suburb has a mature demographic with a median age of 49. Households earn a median income of $74K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Mittagong is $815,000, having dropped significantly 27.6% over the past year. Units have a median price of $696,000 (+12.3% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $2,037.
Mittagong is served by 6 schools, including 3 primary, 1 secondary, 2 special. The average ICSEA score is 1025, which is around the national average of 1,000. Public transport access includes 7 rail stations, 99 bus stops. The crime rate in the Wingecarribee LGA is low at 1,458 incidents per 100,000 population.
From an investment perspective, Mittagong offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($815K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.0x is considered stretched. House prices have moved -27.6% year-on-year.
Mittagong is a mid-sized suburb in New South Wales within the Wingecarribee local government area (postcode 2575). With a population of 6,090, the suburb has a mature demographic with a median age of 49. Households earn a median income of $74K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Mittagong is $815,000, having dropped significantly 27.6% over the past year. Units have a median price of $696,000 (+12.3% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $2,037.
Mittagong is served by 6 schools, including 3 primary, 1 secondary, 2 special. The average ICSEA score is 1025, which is around the national average of 1,000. Public transport access includes 7 rail stations, 99 bus stops. The crime rate in the Wingecarribee LGA is low at 1,458 incidents per 100,000 population.
From an investment perspective, Mittagong offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($815K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.0x is considered stretched. House prices have moved -27.6% year-on-year.