Mullumbimby is a smaller suburb in New South Wales within the Byron local government area (postcode 2482). With a population of 4,180, the suburb has a mature demographic with a median age of 45. Households earn a median income of $70K per year, with an average household size of 2.5 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Mullumbimby is $1.1 million, having dipped slightly 2.8% over the past year. Units have a median price of $630,000 (-26.1% YoY). The current median weekly rent is $700. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,929.
Mullumbimby is served by 6 schools, including 3 primary, 1 secondary, 2 combined. The average ICSEA score is 1040, which is around the national average of 1,000. Public transport access includes 66 bus stops. The crime rate in the Byron LGA is moderate at 4,153 incidents per 100,000 population.
From an investment perspective, Mullumbimby offers a gross rental yield of 3.2%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 16.1x is considered stretched. House prices have moved -2.8% year-on-year.
Mullumbimby is a smaller suburb in New South Wales within the Byron local government area (postcode 2482). With a population of 4,180, the suburb has a mature demographic with a median age of 45. Households earn a median income of $70K per year, with an average household size of 2.5 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Mullumbimby is $1.1 million, having dipped slightly 2.8% over the past year. Units have a median price of $630,000 (-26.1% YoY). The current median weekly rent is $700. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,929.
Mullumbimby is served by 6 schools, including 3 primary, 1 secondary, 2 combined. The average ICSEA score is 1040, which is around the national average of 1,000. Public transport access includes 66 bus stops. The crime rate in the Byron LGA is moderate at 4,153 incidents per 100,000 population.
From an investment perspective, Mullumbimby offers a gross rental yield of 3.2%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 16.1x is considered stretched. House prices have moved -2.8% year-on-year.