Located in New South Wales within the Wagga Wagga local government area, Mount Austin is a smaller suburb (postcode 2650). The area has roughly 4,035 residents and a mix of young professionals and families, with a median age of 37. Households earn a median income of $58K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.0% 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 technicians & trades, community & personal service, labourers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Irish.
Mount Austin has a median house price of $480,000, which has moved higher by 4.3% year-on-year. Units have a median price of $329,000 (+4.8% YoY). The current median weekly rent is $540. This gives a gross rental yield of approximately 5.9%. The median monthly mortgage repayment is $1,148.
Mount Austin is served by 1 school, including 1 primary. The average ICSEA score is 824, which is well below the national average of 1,000. Public transport access includes 18 bus stops. The crime rate in the Wagga Wagga LGA is moderate at 5,374 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 5.9% (high yield). Property prices sit below the state median ($480K/$1.5M), which can point to relative value. The price-to-income ratio of 8.2x is considered moderate. House prices have moved +4.3% year-on-year. Population growth of +0.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.