Montecollum is a quiet locality in New South Wales within the Byron local government area (postcode 2482). With a population of 67, the suburb has a mature demographic with a median age of 52. Households earn a median income of $67K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Montecollum is $1.2 million, having dropped significantly 44.3% over the past year. The current median weekly rent is $700. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,975.
Public transport access includes 3 bus stops. The crime rate in the Byron LGA is moderate at 4,153 incidents per 100,000 population.
From an investment perspective, Montecollum offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 17.6x is considered stretched. House prices have moved -44.3% year-on-year.
Montecollum is a quiet locality in New South Wales within the Byron local government area (postcode 2482). With a population of 67, the suburb has a mature demographic with a median age of 52. Households earn a median income of $67K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Montecollum is $1.2 million, having dropped significantly 44.3% over the past year. The current median weekly rent is $700. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,975.
Public transport access includes 3 bus stops. The crime rate in the Byron LGA is moderate at 4,153 incidents per 100,000 population.
From an investment perspective, Montecollum offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 17.6x is considered stretched. House prices have moved -44.3% year-on-year.