Located in New South Wales within the Queanbeyan-Palerang Regional local government area, Mulloon is a sparsely populated locality (postcode 2622). It is home to about 129 residents, with a settled, mature resident base and a median age of 45. Households earn a median income of $126K 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, clerical & administrative. Employment in the area leans toward public admin & safety and agriculture. The top ancestries reported are English, Australian, Irish.
The median house price in Mulloon is $1.1 million, having dropped significantly by 21% over the past year. The current median weekly rent is $470. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,600.
Public transport access includes 6 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,677 incidents per 100,000 population.
From an investment perspective, Mulloon shows a gross rental yield of approximately 2.2%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 8.8x is considered moderate. House prices have moved -21.0% year-on-year.