Nimmo is a quiet locality in New South Wales within the Snowy Monaro Regional local government area (postcode 2628). With a population of 24, the suburb has a mature demographic with a median age of 54. Households earn a median income of $97K per year, with an average household size of 2.4 people. The most common occupations are managers, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Nimmo is $295,000, having surged 490% over the past year. The current median weekly rent is $405. This gives a gross rental yield of approximately 7.1%. The median monthly mortgage repayment is $2,341.
Public transport access includes 1 bus stop. The crime rate in the Snowy Monaro Regional LGA is below average at 2,178 incidents per 100,000 population.
From an investment perspective, Nimmo offers a gross rental yield of 7.1%, rated as high yield. Property prices sit below the state median ($295K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.0x is considered affordable. House prices have moved +490.0% year-on-year.
Nimmo is a quiet locality in New South Wales within the Snowy Monaro Regional local government area (postcode 2628). With a population of 24, the suburb has a mature demographic with a median age of 54. Households earn a median income of $97K per year, with an average household size of 2.4 people. The most common occupations are managers, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Nimmo is $295,000, having surged 490% over the past year. The current median weekly rent is $405. This gives a gross rental yield of approximately 7.1%. The median monthly mortgage repayment is $2,341.
Public transport access includes 1 bus stop. The crime rate in the Snowy Monaro Regional LGA is below average at 2,178 incidents per 100,000 population.
From an investment perspective, Nimmo offers a gross rental yield of 7.1%, rated as high yield. Property prices sit below the state median ($295K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.0x is considered affordable. House prices have moved +490.0% year-on-year.