Spring Mountain is a quiet locality in New South Wales within the Inverell local government area (postcode 2360). With a population of 20, the suburb has a mature demographic with a median age of 50. Households earn a median income of $81K per year, with an average household size of 3.2 people. The top ancestries reported are English, Welsh, Irish.
The median house price in Spring Mountain is $159,000, having dropped significantly 52% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 13.1%.
The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Spring Mountain offers a gross rental yield of 13.1%, rated as high yield. Property prices sit below the state median ($159K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.0x is considered affordable. House prices have moved -52.0% year-on-year.
Spring Mountain is a quiet locality in New South Wales within the Inverell local government area (postcode 2360). With a population of 20, the suburb has a mature demographic with a median age of 50. Households earn a median income of $81K per year, with an average household size of 3.2 people. The top ancestries reported are English, Welsh, Irish.
The median house price in Spring Mountain is $159,000, having dropped significantly 52% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 13.1%.
The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Spring Mountain offers a gross rental yield of 13.1%, rated as high yield. Property prices sit below the state median ($159K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.0x is considered affordable. House prices have moved -52.0% year-on-year.