Located in New South Wales within the Mid-Western Regional local government area, Ulan is a sparsely populated locality (postcode 2850). It is home to about 81 residents, with an established family demographic and a median age of 38. Households earn a median income of $84K per year, with an average household size of 2.7 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 technicians & trades, managers, machinery operators & drivers. Employment in the area leans toward mining and accommodation & food. The top ancestries reported are English, Australian, Italian.
The median house price in Ulan is $150,000, having dropped significantly by 9.1% over the past year. The current median weekly rent is $590. This gives a gross rental yield of approximately 20.5%. The median monthly mortgage repayment is $1,334.
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, Gross rental yield sits at around 20.5% (high yield). Property prices sit below the state median ($150K/$1.5M), which can point to relative value. The price-to-income ratio of 1.8x is considered affordable. House prices have moved -9.1% year-on-year.