Mundongo is a quiet locality in New South Wales within the Snowy Valleys local government area (postcode 2720). With a population of 246, the suburb has an established demographic with a median age of 44. Households earn a median income of $119K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Mundongo is $915,000, having surged 18.1% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,167.
Public transport access includes 11 bus stops. The crime rate in the Snowy Valleys LGA is below average at 3,277 incidents per 100,000 population.
From an investment perspective, Mundongo offers a gross rental yield of 2.3%, rated as low yield. Property prices sit below the state median ($915K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.7x is considered moderate. House prices have moved +18.1% year-on-year.
Mundongo is a quiet locality in New South Wales within the Snowy Valleys local government area (postcode 2720). With a population of 246, the suburb has an established demographic with a median age of 44. Households earn a median income of $119K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Mundongo is $915,000, having surged 18.1% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,167.
Public transport access includes 11 bus stops. The crime rate in the Snowy Valleys LGA is below average at 3,277 incidents per 100,000 population.
From an investment perspective, Mundongo offers a gross rental yield of 2.3%, rated as low yield. Property prices sit below the state median ($915K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.7x is considered moderate. House prices have moved +18.1% year-on-year.