Mole River (postcode 2372) is a quiet locality in New South Wales within the Tenterfield local government area. It is home to about 89 residents, with a more retirement-aged population and a median age of 61. Households earn a median income of $44K per year, with an average household size of 1.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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, labourers, professionals. Employment in the area leans toward agriculture and public admin & safety. The top ancestries reported are English, Australian, Irish.
Median house prices in Mole River stand at $188,000, having declined steeply by 46.4% over the last twelve months. The current median weekly rent is $435. This gives a gross rental yield of approximately 12.1%. The median monthly mortgage repayment is $693.
Public transport access includes 7 bus stops. The crime rate in the Tenterfield LGA is moderate at 5,235 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 12.1%, which reads as high yield. Property prices sit below the state median ($188K/$1.5M), which can point to relative value. The price-to-income ratio of 4.3x is considered affordable. House prices have moved -46.4% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.