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 settled, mature resident base with a median age of 47. Households earn a median income of $78K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% 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 professionals, managers, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Median house prices in Myocum stand at $2.0 million, having fallen sharply by 9.3% over the last twelve months. The current median weekly rent is $1045. This gives a gross rental yield of approximately 2.7%. 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 4,232 incidents per 100,000 population.
On the investment side, Myocum shows a gross rental yield of approximately 2.7%, 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 -9.3% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.