Mummulgum is a quiet locality in New South Wales within the Kyogle local government area (postcode 2469). With a population of 105, the suburb has a mature demographic with a median age of 45. Households earn a median income of $54K per year, with an average household size of 2.6 people. The most common occupations are managers, labourers, machinery operators & drivers. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Mummulgum is $1.1 million, having surged 38% over the past year. The current median weekly rent is $490. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,517.
Mummulgum is served by 1 school, including 1 primary. The average ICSEA score is 881, which is well below the national average of 1,000. Public transport access includes 9 bus stops. The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, Mummulgum offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 20.0x is considered stretched. House prices have moved +38.0% year-on-year.
Mummulgum is a quiet locality in New South Wales within the Kyogle local government area (postcode 2469). With a population of 105, the suburb has a mature demographic with a median age of 45. Households earn a median income of $54K per year, with an average household size of 2.6 people. The most common occupations are managers, labourers, machinery operators & drivers. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Mummulgum is $1.1 million, having surged 38% over the past year. The current median weekly rent is $490. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,517.
Mummulgum is served by 1 school, including 1 primary. The average ICSEA score is 881, which is well below the national average of 1,000. Public transport access includes 9 bus stops. The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, Mummulgum offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 20.0x is considered stretched. House prices have moved +38.0% year-on-year.