Mulla is a quiet locality in New South Wales within the Bogan local government area (postcode 2825). With a population of 21, the suburb has a mature demographic with a median age of 45. Households earn a median income of $143K per year, with an average household size of 3.2 people. The most common occupations are managers, machinery operators & drivers. The top ancestries reported are English, Australian, Irish.
The median house price in Mulla is $1.0 million, having dropped significantly 66.7% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $4,333.
Public transport access includes 2 bus stops. The crime rate in the Bogan LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Mulla offers a gross rental yield of 2.5%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.0x is considered moderate. House prices have moved -66.7% year-on-year.
Mulla is a quiet locality in New South Wales within the Bogan local government area (postcode 2825). With a population of 21, the suburb has a mature demographic with a median age of 45. Households earn a median income of $143K per year, with an average household size of 3.2 people. The most common occupations are managers, machinery operators & drivers. The top ancestries reported are English, Australian, Irish.
The median house price in Mulla is $1.0 million, having dropped significantly 66.7% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $4,333.
Public transport access includes 2 bus stops. The crime rate in the Bogan LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Mulla offers a gross rental yield of 2.5%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.0x is considered moderate. House prices have moved -66.7% year-on-year.