Located in New South Wales within the Coffs Harbour local government area, Mullaway is a close-knit residential community (postcode 2456). With a population of 607, the suburb has a settled mid-life population with a median age of 40. Households earn a median income of $92K per year, with an average household size of 2.7 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 professionals, technicians & trades, labourers. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Mullaway is $905,000, having fallen sharply by 19.2% over the past year. The current median weekly rent is $680. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,609.
Mullaway is served by 1 school, including 1 primary. The average ICSEA score is 1033, which is around the national average of 1,000. Public transport access includes 5 bus stops. The crime rate in the Coffs Harbour LGA is moderate at 5,038 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 3.9% (moderate yield). Property prices sit below the state median ($905K/$1.5M), which can point to relative value. The price-to-income ratio of 9.9x is considered moderate. House prices have moved -19.2% 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.