Nichols Point is a small community in Victoria within the Mildura local government area (postcode 3501). With a population of 1,723, the suburb has an established demographic with a median age of 40. Households earn a median income of $109K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are Australian, English, Italian.
The median house price in Nichols Point is $700,000, having grown strongly 5.9% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,800.
Nichols Point is served by 1 school, including 1 primary. The average ICSEA score is 995, which is around the national average of 1,000. The crime rate in the Mildura LGA is higher than average at 14,116 incidents per 100,000 population.
From an investment perspective, Nichols Point offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($700K/$875K). The price-to-income ratio of 6.5x is considered moderate. House prices have moved +5.9% year-on-year.
Nichols Point is a small community in Victoria within the Mildura local government area (postcode 3501). With a population of 1,723, the suburb has an established demographic with a median age of 40. Households earn a median income of $109K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are Australian, English, Italian.
The median house price in Nichols Point is $700,000, having grown strongly 5.9% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,800.
Nichols Point is served by 1 school, including 1 primary. The average ICSEA score is 995, which is around the national average of 1,000. The crime rate in the Mildura LGA is higher than average at 14,116 incidents per 100,000 population.
From an investment perspective, Nichols Point offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($700K/$875K). The price-to-income ratio of 6.5x is considered moderate. House prices have moved +5.9% year-on-year.