Mount Russell is a quiet locality in New South Wales within the Inverell local government area (postcode 2360). The area has roughly 111 residents and an older-leaning population, with a median age of 46. Households earn a median income of $75K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% 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 technicians & trades, managers, clerical & administrative. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Scottish.
The median house price in Mount Russell is $725,000, having climbed sharply by 72.6% over the past year. The current median weekly rent is $420. This gives a gross rental yield of approximately 3.0%. 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 5,178 incidents per 100,000 population.
Looking at the investment signals, Mount Russell shows a gross rental yield of approximately 3.0%, rated as moderate yield. Property prices sit below the state median ($725K/$1.5M), which can point to relative value. The price-to-income ratio of 9.7x is considered moderate. House prices have moved +72.6% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.