Mungindi is a quiet locality in New South Wales within the Moree Plains local government area (postcode 2406). The area has roughly 487 residents and an established demographic, with a median age of 42. Households earn a median income of $61K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.3% 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, community & personal service. Employment in the area leans toward agriculture and education. The top ancestries reported are English, Australian, Aboriginal Australian.
Median house prices in Mungindi stand at $230,000, having risen steeply by 64.3% over the last twelve months. The median weekly rent is $170 (Census 2021). This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $867.
Mungindi is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 876, which is well below the national average of 1,000. Public transport access includes 29 bus stops. The crime rate in the Moree Plains LGA is higher than average at 13,478 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.8%, which reads as moderate yield. Property prices sit below the state median ($230K/$1.5M), which can point to relative value. The price-to-income ratio of 3.8x is considered affordable. House prices have moved +64.3% year-on-year. Population growth of -0.3% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.