Mulbring is a small community in New South Wales within the Cessnock local government area (postcode 2323). With a population of 682, the suburb has a mature demographic with a median age of 46. Households earn a median income of $107K per year, with an average household size of 2.9 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Mulbring is $1.4 million, having surged 17% over the past year. The current median weekly rent is $595. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,080.
Mulbring is served by 1 school, including 1 primary. The average ICSEA score is 954, which is around the national average of 1,000. Public transport access includes 9 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Mulbring offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 12.8x is considered stretched. House prices have moved +17.0% year-on-year.
Mulbring is a small community in New South Wales within the Cessnock local government area (postcode 2323). With a population of 682, the suburb has a mature demographic with a median age of 46. Households earn a median income of $107K per year, with an average household size of 2.9 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Mulbring is $1.4 million, having surged 17% over the past year. The current median weekly rent is $595. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,080.
Mulbring is served by 1 school, including 1 primary. The average ICSEA score is 954, which is around the national average of 1,000. Public transport access includes 9 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Mulbring offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 12.8x is considered stretched. House prices have moved +17.0% year-on-year.