Myrtle Mountain is a quiet locality in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 75, the suburb has a mature demographic with a median age of 53. Households earn a median income of $85K per year, with an average household size of 2.3 people. The most common occupations are labourers, managers, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Myrtle Mountain is $879,000, having dropped significantly 45.1% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,083.
Public transport access includes 4 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Myrtle Mountain offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($879K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.4x is considered stretched. House prices have moved -45.1% year-on-year.
Myrtle Mountain is a quiet locality in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 75, the suburb has a mature demographic with a median age of 53. Households earn a median income of $85K per year, with an average household size of 2.3 people. The most common occupations are labourers, managers, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Myrtle Mountain is $879,000, having dropped significantly 45.1% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,083.
Public transport access includes 4 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Myrtle Mountain offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($879K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.4x is considered stretched. House prices have moved -45.1% year-on-year.