North Arm Cove is a small community in New South Wales within the Mid-Coast local government area (postcode 2324). With a population of 552, the suburb has an older demographic with a median age of 56. Households earn a median income of $66K per year, with an average household size of 2.3 people. The most common occupations are managers, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in North Arm Cove is $50,000, having surged 16.3% over the past year. The current median weekly rent is $578. This gives a gross rental yield of approximately 60.1%. The median monthly mortgage repayment is $1,950.
Public transport access includes 9 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, North Arm Cove offers a gross rental yield of 60.1%, rated as high yield. Property prices sit below the state median ($50K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 0.8x is considered affordable. House prices have moved +16.3% year-on-year.
North Arm Cove is a small community in New South Wales within the Mid-Coast local government area (postcode 2324). With a population of 552, the suburb has an older demographic with a median age of 56. Households earn a median income of $66K per year, with an average household size of 2.3 people. The most common occupations are managers, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in North Arm Cove is $50,000, having surged 16.3% over the past year. The current median weekly rent is $578. This gives a gross rental yield of approximately 60.1%. The median monthly mortgage repayment is $1,950.
Public transport access includes 9 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, North Arm Cove offers a gross rental yield of 60.1%, rated as high yield. Property prices sit below the state median ($50K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 0.8x is considered affordable. House prices have moved +16.3% year-on-year.