Mummulgum is a small, quiet locality in New South Wales within the Kyogle local government area (postcode 2469). The area has roughly 105 residents and a settled, mature resident base, with a median age of 45. Households earn a median income of $54K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% year-on-year at the LGA level. 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, labourers, machinery operators & drivers. Employment in the area leans toward agriculture and construction. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in Mummulgum stand at $227,000, having grown strongly by 5.3% over the last twelve months. The current median weekly rent is $380. This gives a gross rental yield of approximately 8.7%. 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 2,334 incidents per 100,000 population.
From an investment perspective, Mummulgum shows a gross rental yield of approximately 8.7%, rated as high yield. Property prices sit below the state median ($227K/$1.5M), which can point to relative value. The price-to-income ratio of 4.2x is considered affordable. House prices have moved +5.3% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.