Suburb Profile Report for Mullumbimby NSW (2482)

Mullumbimby House: Median price $612,500, Annual capital growth 5.32%, Number of sales 94, Weekly median advertised rent $530

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Investment property in Mullumbimby has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.46%

If we look at median property appreciation over just the last three months, Mullumbimby has given property investors a paper return of 4.17%. This puts Suburb as 237 on a list of fastest fasting appreciating suburbs in NSW

Property investors looking for a bargain in Mullumbimby should be aiming for at least -4.85% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Mullumbimby the average time real estate has been on the market is 98.17 days.

With the median price for a house in Mullumbimby being $612500 and the advertised rent reaching $530 the gross rental yield for property investors calculates out to be 4.50%

HOUSE UNIT
$612,500 N/A
4.17% N/A
7.46% N/A
5.32% N/A
$530 N/A
94 N/A
4.50% N/A
98.17 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 3171
Median household income ($/weekly) 784
Median age of persons 44
Median housing loan repayment ($/monthly) 1517
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 477 15.0
    35-44 years 476 15.0
    45-54 years 559 17.6
    55-64 years 444 14.0
    65-74 years 243 7.7
    Others 972 30.7
    Age Group
    Census Count Percent(%)
    Not Married 1093 48.1
    Registered Married 898 39.5
    Defacto Relationship 280 12.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2437 81.0
    Greece 45 1.5
    Papua New Guinea 57 1.9
    United Kingdom 213 7.1
    Other 106 3.5
    Others 149 5.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 112 4.0
    Christianity 1433 51.4
    Judaism 45 1.6
    Other Religious Groups 49 1.8
    No Religion 1141 40.9
    Others 9 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 118 10.6
    $400-$599 180 16.2
    $600-$799 172 15.5
    $800-$999 119 10.7
    $1,500-$1,999 103 9.3
    Others 418 37.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1079 44.7
    Employed, worked part-time 582 24.1
    Employed, worked full-time 575 23.8
    Unemployed, looking for work 96 4.0
    Employed, away from work 83 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 146 11.7
    Professionals 279 22.4
    Technicians & trades workers 201 16.2
    Community & personal service workers 135 10.9
    Sales 145 11.7
    Others 337 27.1
    Occupation
    Census Count Percent(%)
    Pre-school 63 7.8
    Infants/Primary 328 40.4
    Secondary 243 29.9
    Technical or Further Educational Institution 81 10.0
    University or other Tertiary Institutions 61 7.5
    Others 36 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2791 94.0
    Semi-detached, row or terrace house, townhouse 88 3.0
    Flat, unit or apartment 74 2.5
    Caravan, cabin, houseboat 15 0.5
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 490 40.9
    Rented 363 30.3
    Being purchased 337 28.2
    Other tenure type 7 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals