Mount Frome (postcode 2850) is a small, quiet locality in New South Wales within the Mid-Western Regional local government area. With a population of 120, the suburb has an established demographic with a median age of 39. Households earn a median income of $125K per year, with an average household size of 2.8 people. 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, professionals, technicians & trades. Employment in the area leans toward agriculture and mining. The top ancestries reported are English, Australian, Irish.
Median house prices in Mount Frome stand at $1.6 million, having risen steeply by 18.1% over the last twelve months. The current median weekly rent is $590. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,200.
The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
From an investment perspective, Mount Frome shows a gross rental yield of approximately 1.9%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 12.8x is considered stretched. House prices have moved +18.1% year-on-year.