Located in New South Wales within the Gunnedah local government area, Mullaley is a small, quiet locality (postcode 2379). It is home to about 174 residents, with a mature demographic and a median age of 45. Households earn a median income of $67K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 managers, machinery operators & drivers, community & personal service. Employment in the area leans toward agriculture and education. The top ancestries reported are English, Australian, Scottish.
Mullaley has a median house price of $230,000, which has risen steeply by 76.9% year-on-year. The median weekly rent is $250 (Census 2021). This gives a gross rental yield of approximately 5.7%. The median monthly mortgage repayment is $607.
Mullaley is served by 1 school, including 1 primary. The average ICSEA score is 922, which is below the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the Gunnedah LGA is moderate at 6,777 incidents per 100,000 population.
Looking at the investment signals, Mullaley shows a gross rental yield of approximately 5.7%, rated as high yield. Property prices sit below the state median ($230K/$1.5M), which can point to relative value. The price-to-income ratio of 3.4x is considered affordable. House prices have moved +76.9% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.