Mylestom is a quiet locality in New South Wales within the Bellingen local government area (postcode 2454). With a population of 336, the suburb has a mature demographic with a median age of 50. Households earn a median income of $56K per year, with an average household size of 2.2 people. The most common occupations are community & personal service, technicians & trades, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Mylestom is $883,000, having dipped slightly 1.9% over the past year. The current median weekly rent is $494. This gives a gross rental yield of approximately 2.9%. 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 3,592 incidents per 100,000 population.
From an investment perspective, Mylestom offers a gross rental yield of 2.9%, rated as low yield. Property prices sit below the state median ($883K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 15.7x is considered stretched. House prices have moved -1.9% year-on-year.
Mylestom is a quiet locality in New South Wales within the Bellingen local government area (postcode 2454). With a population of 336, the suburb has a mature demographic with a median age of 50. Households earn a median income of $56K per year, with an average household size of 2.2 people. The most common occupations are community & personal service, technicians & trades, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Mylestom is $883,000, having dipped slightly 1.9% over the past year. The current median weekly rent is $494. This gives a gross rental yield of approximately 2.9%. 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 3,592 incidents per 100,000 population.
From an investment perspective, Mylestom offers a gross rental yield of 2.9%, rated as low yield. Property prices sit below the state median ($883K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 15.7x is considered stretched. House prices have moved -1.9% year-on-year.