Property value increases in Mullumbimby have tracked just higher than the NSW average of 11.67% over the last 12 months.
While Mullumbimby,2482 ranked number 1168th in NSW for increase in median house value (annualised) increase, it is ranked 609th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mullumbimby, 2482. Typically our figures indicate that -5.68% is being offered, which puts this NSW suburb at 288th most discounted overall in Australia.
With the median price for a house in Mullumbimby being $720000 and the advertised rent reaching $557.5 the gross rental yield for property investors calculates out to be 4.03%
If we look at median property appreciation over just the last three months, Mullumbimby has given property investors a paper return of -20.31%. This puts Suburb as 558 on a list of fastest fasting appreciating suburbs in NSW