Mullion is a quiet locality in New South Wales within the Yass Valley local government area (postcode 2582). With a population of 89, the suburb has an older demographic with a median age of 55. Households earn a median income of $127K per year, with an average household size of 2.6 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Mullion is $1.5 million, having dropped significantly 36.2% over the past year. The current median weekly rent is $470. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,500.
The crime rate in the Yass Valley LGA is low at 1,626 incidents per 100,000 population.
From an investment perspective, Mullion offers a gross rental yield of 1.6%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 11.8x is considered stretched. House prices have moved -36.2% year-on-year.
Mullion is a quiet locality in New South Wales within the Yass Valley local government area (postcode 2582). With a population of 89, the suburb has an older demographic with a median age of 55. Households earn a median income of $127K per year, with an average household size of 2.6 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Mullion is $1.5 million, having dropped significantly 36.2% over the past year. The current median weekly rent is $470. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,500.
The crime rate in the Yass Valley LGA is low at 1,626 incidents per 100,000 population.
From an investment perspective, Mullion offers a gross rental yield of 1.6%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 11.8x is considered stretched. House prices have moved -36.2% year-on-year.