Mount Irvine (postcode 2786) is a quiet locality in New South Wales within the Blue Mountains local government area. The area has roughly 22 residents and a more retirement-aged population, with a median age of 67. Households earn a median income of $47K per year, with an average household size of 1.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% 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 top ancestries reported are English, Scottish, Irish.
The median house price in Mount Irvine is $990,000, having fallen sharply by 20.2% over the past year. The current median weekly rent is $520. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,600.
The crime rate in the Blue Mountains LGA is low at 1,840 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.7%, which reads as low yield. Property prices sit below the state median ($990K/$1.5M), which can point to relative value. The price-to-income ratio of 21.2x is considered stretched. House prices have moved -20.2% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.