Mulgrave is a small, quiet locality in New South Wales within the Hawkesbury local government area (postcode 2756). With a population of 78, the suburb has a settled mid-life population with a median age of 40. Households earn a median income of $94K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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 accommodation & food and agriculture. The top ancestries reported are Australian, English, Irish.
The median house price in Mulgrave is $1.3 million, having surged by 26.5% over the past year. Units have a median price of $693,000 (-26.4% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,817.
Public transport access includes 1 rail station, 1 bus stop. The crime rate in the Hawkesbury LGA is below average at 2,682 incidents per 100,000 population.
On the investment side, Mulgrave shows a gross rental yield of approximately 2.7%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 13.4x is considered stretched. House prices have moved +26.5% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.