Upper Myall is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2423). With a population of 38, the suburb has an older demographic with a median age of 58. Households earn a median income of $84K per year, with an average household size of 2.3 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, Scottish, English.
The median house price in Upper Myall is $850,000, having surged 27.8% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,042.
Public transport access includes 5 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, Upper Myall offers a gross rental yield of 3.2%, rated as moderate yield. Property prices sit below the state median ($850K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.1x is considered stretched. House prices have moved +27.8% year-on-year.
Upper Myall is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2423). With a population of 38, the suburb has an older demographic with a median age of 58. Households earn a median income of $84K per year, with an average household size of 2.3 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, Scottish, English.
The median house price in Upper Myall is $850,000, having surged 27.8% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,042.
Public transport access includes 5 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, Upper Myall offers a gross rental yield of 3.2%, rated as moderate yield. Property prices sit below the state median ($850K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.1x is considered stretched. House prices have moved +27.8% year-on-year.