Myocum is a small community in New South Wales within the Byron local government area (postcode 2481). With a population of 1,217, the suburb has a mature demographic with a median age of 47. Households earn a median income of $78K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Myocum is $2.0 million, having dipped slightly 2.9% over the past year. The current median weekly rent is $995. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,167.
Public transport access includes 54 bus stops. The crime rate in the Byron LGA is moderate at 4,153 incidents per 100,000 population.
From an investment perspective, Myocum offers a gross rental yield of 2.5%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 26.1x is considered stretched. House prices have moved -2.9% year-on-year.
Myocum is a small community in New South Wales within the Byron local government area (postcode 2481). With a population of 1,217, the suburb has a mature demographic with a median age of 47. Households earn a median income of $78K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Myocum is $2.0 million, having dipped slightly 2.9% over the past year. The current median weekly rent is $995. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,167.
Public transport access includes 54 bus stops. The crime rate in the Byron LGA is moderate at 4,153 incidents per 100,000 population.
From an investment perspective, Myocum offers a gross rental yield of 2.5%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 26.1x is considered stretched. House prices have moved -2.9% year-on-year.