Mungindi is a quiet locality in New South Wales within the Moree Plains local government area (postcode 2406). With a population of 487, the suburb has 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. The most common occupations are managers, labourers, community & personal service. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Mungindi is $115,000, having dropped significantly 23.2% over the past year. The current median weekly rent is $232. This gives a gross rental yield of approximately 10.5%. 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 13,538 incidents per 100,000 population.
From an investment perspective, Mungindi offers a gross rental yield of 10.5%, rated as high yield. Property prices sit below the state median ($115K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.9x is considered affordable. House prices have moved -23.2% year-on-year.
Mungindi is a quiet locality in New South Wales within the Moree Plains local government area (postcode 2406). With a population of 487, the suburb has 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. The most common occupations are managers, labourers, community & personal service. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Mungindi is $115,000, having dropped significantly 23.2% over the past year. The current median weekly rent is $232. This gives a gross rental yield of approximately 10.5%. 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 13,538 incidents per 100,000 population.
From an investment perspective, Mungindi offers a gross rental yield of 10.5%, rated as high yield. Property prices sit below the state median ($115K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.9x is considered affordable. House prices have moved -23.2% year-on-year.