Nimmitabel is a quiet locality in New South Wales within the Snowy Monaro Regional local government area (postcode 2631). With a population of 324, the suburb has a mature demographic with a median age of 49. Households earn a median income of $56K per year, with an average household size of 2.1 people. The most common occupations are technicians & trades, managers, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Nimmitabel is $380,000, having surged 117.1% over the past year. The median weekly rent is $260 (Census 2021). This gives a gross rental yield of approximately 3.6%. 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 2,178 incidents per 100,000 population.
From an investment perspective, Nimmitabel offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($380K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.8x is considered moderate. House prices have moved +117.1% year-on-year.
Nimmitabel is a quiet locality in New South Wales within the Snowy Monaro Regional local government area (postcode 2631). With a population of 324, the suburb has a mature demographic with a median age of 49. Households earn a median income of $56K per year, with an average household size of 2.1 people. The most common occupations are technicians & trades, managers, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Nimmitabel is $380,000, having surged 117.1% over the past year. The median weekly rent is $260 (Census 2021). This gives a gross rental yield of approximately 3.6%. 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 2,178 incidents per 100,000 population.
From an investment perspective, Nimmitabel offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($380K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.8x is considered moderate. House prices have moved +117.1% year-on-year.