Located in New South Wales within the Inverell local government area, Nullamanna is a sparsely populated locality (postcode 2360). With a population of 171, the suburb has a settled mid-life population with a median age of 40. Households earn a median income of $80K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% year-on-year at the LGA level. 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 managers, technicians & trades, sales. Employment in the area leans toward agriculture and retail trade. The top ancestries reported are Australian, English, Scottish.
Median house prices in Nullamanna sit at $256,000, little changed on a year ago. The current median weekly rent is $420. This gives a gross rental yield of approximately 8.5%. The median monthly mortgage repayment is $1,506.
Public transport access includes 1 bus stop. The crime rate in the Inverell LGA is moderate at 5,178 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 8.5% (high yield). Property prices sit below the state median ($256K/$1.5M), which can point to relative value. The price-to-income ratio of 3.2x is considered affordable. House prices have moved +0.0% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.