Mulla Creek is a quiet locality in New South Wales within the Tamworth Regional local government area (postcode 2352). With a population of 87, the suburb has a mature demographic with a median age of 53. Households earn a median income of $72K per year, with an average household size of 2.8 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Mulla Creek is $350,000, having surged 150% over the past year. The current median weekly rent is $430. This gives a gross rental yield of approximately 6.4%. The median monthly mortgage repayment is $2,080.
Public transport access includes 8 bus stops. The crime rate in the Tamworth Regional LGA is moderate at 6,745 incidents per 100,000 population.
From an investment perspective, Mulla Creek offers a gross rental yield of 6.4%, rated as high yield. Property prices sit below the state median ($350K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.8x is considered affordable. House prices have moved +150.0% year-on-year.
Mulla Creek is a quiet locality in New South Wales within the Tamworth Regional local government area (postcode 2352). With a population of 87, the suburb has a mature demographic with a median age of 53. Households earn a median income of $72K per year, with an average household size of 2.8 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Mulla Creek is $350,000, having surged 150% over the past year. The current median weekly rent is $430. This gives a gross rental yield of approximately 6.4%. The median monthly mortgage repayment is $2,080.
Public transport access includes 8 bus stops. The crime rate in the Tamworth Regional LGA is moderate at 6,745 incidents per 100,000 population.
From an investment perspective, Mulla Creek offers a gross rental yield of 6.4%, rated as high yield. Property prices sit below the state median ($350K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.8x is considered affordable. House prices have moved +150.0% year-on-year.