Located in New South Wales within the Cessnock local government area, Mulbring is a small community (postcode 2323). It is home to about 682 residents, with a mature demographic and a median age of 46. Households earn a median income of $107K per year, with an average household size of 2.9 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.9% 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, professionals, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are Australian, English, Scottish.
Median house prices in Mulbring stand at $1.4 million, having jumped by 20.9% over the last twelve months. The current median weekly rent is $635. This gives a gross rental yield of approximately 2.4%. 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 4,890 incidents per 100,000 population.
Looking at the investment signals, Mulbring shows a gross rental yield of approximately 2.4%, 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 +20.9% year-on-year. Population growth of +2.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.