Located in New South Wales within the Mid-Coast local government area, Mount George is a small, quiet locality (postcode 2424). With a population of 337, the suburb has a mature demographic with a median age of 45. Households earn a median income of $62K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 labourers, professionals, technicians & trades. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Scottish.
Median house prices in Mount George stand at $725,000, having risen steeply by 150% over the last twelve months. The median weekly rent is $245 (Census 2021). This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $1,092.
Mount George is served by 1 school, including 1 primary. The average ICSEA score is 932, which is below the national average of 1,000. Public transport access includes 18 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
From an investment perspective, Mount George shows a gross rental yield of approximately 1.8%, rated as low yield. Property prices sit below the state median ($725K/$1.5M), which can point to relative value. The price-to-income ratio of 11.6x is considered stretched. House prices have moved +150.0% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.