Located in New South Wales within the Cootamundra-Gundagai Regional local government area, Muttama is a small, quiet locality (postcode 2722). It is home to about 140 residents, with a mix of families and early-career residents and a median age of 32. Households earn a median income of $95K per year, with an average household size of 2.8 people. 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, technicians & trades, professionals. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Irish.
The median house price in Muttama is $290,000, broadly unchanged over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 8.2%. The median monthly mortgage repayment is $784.
Public transport access includes 7 bus stops.
On the investment side, The gross rental yield works out to roughly 8.2%, which reads as high yield. Property prices sit below the state median ($290K/$1.5M), which can point to relative value. The price-to-income ratio of 3.0x is considered affordable. House prices have moved +0.0% year-on-year.