Located in New South Wales within the Mid-Western Regional local government area, Two Mile Flat is a small, quiet locality (postcode 2852). With a population of 59, the suburb has an established family demographic with a median age of 43. Households earn a median income of $85K per year, with an average household size of 2.8 people. 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, professionals. Employment in the area leans toward manufacturing and construction. The top ancestries reported are Australian, English, Irish.
The median house price in Two Mile Flat is $430,000, having jumped by 16.2% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,563.
Public transport access includes 5 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 4.8%, which reads as moderate yield. Property prices sit below the state median ($430K/$1.5M), which can point to relative value. The price-to-income ratio of 5.1x is considered affordable. House prices have moved +16.2% year-on-year.