Montecollum (postcode 2482) is a quiet locality in New South Wales within the Byron local government area. It is home to about 67 residents, with a settled, mature resident base and a median age of 52. Households earn a median income of $67K per year, with an average household size of 2.3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% 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 professionals, managers, technicians & trades. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Irish.
Montecollum has a median house price of $2.5 million, which has surged by 37.6% year-on-year. The current median weekly rent is $742. This gives a gross rental yield of approximately 1.6%. 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 4,232 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 1.6%, which reads as low yield. Property prices are above the state median ($2.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 36.8x is considered stretched. House prices have moved +37.6% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.