Mount Mitchell is a quiet locality in New South Wales within the Glen Innes Severn local government area (postcode 2365). With a population of 106, the suburb has a mature demographic with a median age of 53. Households earn a median income of $61K per year, with an average household size of 2.2 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Mount Mitchell is $490,000, having dropped significantly 92.5% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,950.
Public transport access includes 13 bus stops. The crime rate in the Glen Innes Severn LGA is moderate at 4,723 incidents per 100,000 population.
From an investment perspective, Mount Mitchell offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($490K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.0x is considered moderate. House prices have moved -92.5% year-on-year.
Mount Mitchell is a quiet locality in New South Wales within the Glen Innes Severn local government area (postcode 2365). With a population of 106, the suburb has a mature demographic with a median age of 53. Households earn a median income of $61K per year, with an average household size of 2.2 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Mount Mitchell is $490,000, having dropped significantly 92.5% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,950.
Public transport access includes 13 bus stops. The crime rate in the Glen Innes Severn LGA is moderate at 4,723 incidents per 100,000 population.
From an investment perspective, Mount Mitchell offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($490K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.0x is considered moderate. House prices have moved -92.5% year-on-year.