Mylneford is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 78, the suburb has a mature demographic with a median age of 51. Households earn a median income of $76K per year, with an average household size of 2.7 people. The most common occupations are labourers, managers, professionals. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Mylneford is $1.1 million, having surged 70.4% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $1,647.
Public transport access includes 5 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Mylneford offers a gross rental yield of 2.2%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 15.1x is considered stretched. House prices have moved +70.4% year-on-year.
Mylneford is a quiet locality in New South Wales within the Clarence Valley local government area (postcode 2460). With a population of 78, the suburb has a mature demographic with a median age of 51. Households earn a median income of $76K per year, with an average household size of 2.7 people. The most common occupations are labourers, managers, professionals. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Mylneford is $1.1 million, having surged 70.4% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $1,647.
Public transport access includes 5 bus stops. The crime rate in the Clarence Valley LGA is moderate at 4,981 incidents per 100,000 population.
From an investment perspective, Mylneford offers a gross rental yield of 2.2%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 15.1x is considered stretched. House prices have moved +70.4% year-on-year.