Mylestom is a sparsely populated locality in New South Wales within the Bellingen local government area (postcode 2454). The area has roughly 336 residents and a settled, mature resident base, with a median age of 50. Households earn a median income of $56K 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 community & personal service, technicians & trades, professionals. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Irish.
The median house price in Mylestom is $900,000, having ticked up by 0.6% over the past year. The current median weekly rent is $590. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,675.
Public transport access includes 3 bus stops. The crime rate in the Bellingen LGA is below average at 3,605 incidents per 100,000 population.
Looking at the investment signals, Mylestom shows a gross rental yield of approximately 3.4%, rated as moderate yield. Property prices sit below the state median ($900K/$1.5M), which can point to relative value. The price-to-income ratio of 16.0x is considered stretched. House prices have moved +0.6% year-on-year. Population growth of +0.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.