Mount Russell is a quiet locality in New South Wales within the Inverell local government area (postcode 2360). With a population of 111, the suburb has a mature demographic with a median age of 46. Households earn a median income of $75K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, managers, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Mount Russell is $1.3 million, having surged 63.8% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $1,300.
Public transport access includes 2 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Mount Russell offers a gross rental yield of 1.6%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 17.3x is considered stretched. House prices have moved +63.8% year-on-year.
Mount Russell is a quiet locality in New South Wales within the Inverell local government area (postcode 2360). With a population of 111, the suburb has a mature demographic with a median age of 46. Households earn a median income of $75K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, managers, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Mount Russell is $1.3 million, having surged 63.8% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $1,300.
Public transport access includes 2 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Mount Russell offers a gross rental yield of 1.6%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 17.3x is considered stretched. House prices have moved +63.8% year-on-year.