Nimmitabel is a small, quiet locality in New South Wales within the Snowy Monaro Regional local government area (postcode 2631). It is home to about 324 residents, with an older-leaning population and a median age of 49. Households earn a median income of $56K per year, with an average household size of 2.1 people. 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 technicians & trades, managers, labourers. Employment in the area leans toward agriculture and accommodation & food. The top ancestries reported are English, Australian, Irish.
The median house price in Nimmitabel is $370,000, having climbed sharply by 41% over the past year. The median weekly rent is $260 (Census 2021). This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $761.
Nimmitabel is served by 1 school, including 1 primary. The average ICSEA score is 920, which is below the national average of 1,000. Public transport access includes 12 bus stops. The crime rate in the Snowy Monaro Regional LGA is below average at 2,173 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.7% (moderate yield). Property prices sit below the state median ($370K/$1.5M), which can point to relative value. The price-to-income ratio of 6.6x is considered moderate. House prices have moved +41.0% year-on-year.