Mullengandra is a small, quiet locality in New South Wales within the Greater Hume Shire local government area (postcode 2644). The area has roughly 122 residents and an established demographic, with a median age of 44. Households earn a median income of $107K per year, with an average household size of 2.5 people. 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, professionals, technicians & trades. Employment in the area leans toward agriculture and manufacturing. The top ancestries reported are Australian, English, Scottish.
Mullengandra has a median house price of $649,000, which has jumped by 73.1% year-on-year. The current median weekly rent is $380. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,517.
Public transport access includes 17 bus stops. The crime rate in the Greater Hume Shire LGA is below average at 2,298 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 3.0% (moderate yield). Property prices sit below the state median ($649K/$1.5M), which can point to relative value. The price-to-income ratio of 6.1x is considered moderate. House prices have moved +73.1% year-on-year.