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Mullumbimby, NSW 2482

Home » NSW Real Estate Data » Byron Shire Council, NSW » Mullumbimby, NSW 2482

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Mullumbimby, NSW 2482 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Rent 

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Mullumbimby, NSW 2482”

  1. The total adult population (15 years or older) of Mullumbimby 2482 NSW is 3,445, with a median age of 45. Of those, 32.39% are married, 18.58% are divorced or separated, 43.11% are single and 5.86% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $6,404. The median monthly mortgage repayment for households in this suburb is $1,929 which is 30.12% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the vibrant state of NSW, the quaint suburb of Mullumbimby or postcode 2482, plays host to an estimated 2120 households. As of the third quarter of 2023, the property market here presents some interesting figures for potential investors zeroing in on houses.

    In Mullumbimby, typical house prices stand at an average of $968,255. Providing a lucrative income, these properties command a median weekly rent of $834; thereby offering an attractive indicative yield of approximately 4.48%, surpassing the minimum requirement of 3% for cashflow-focused property investors.

    From a socio-economic perspective, Mullumbimby reports an IRSAD score of 980 out of 1217. This presents a relatively robust socio-economic environment than lower scoring locales.

    However, prospective investors should keep an eye on the renter to owner ratio; Mullumbimby records a ratio of 31%. This sits just atop the preferable range, indicating a higher proportion of rental properties that could lead to competition among landlords and impact long-term returns.

    Furthermore, the suburb seems to have a healthy property market balance with a minimal units to houses ratio of 3%. This low proportion of units ensures less competition among landlords for tenants, indicating a likelihood of securing higher rental yields and longer tenancy periods.

    Affordability in Mullumbimby may be a matter for contemplation for future homeowners, with the affordability index registering at 59 years. This number is considerably above the standard 30-year mortgage period, indicating a low affordability ratio for the typical resident.

    Mullumbimby’s property market displays a low supply with a stock on market Percentage of 0.44% for houses, which falls within the favourable range. Additionally, the inventory level rests at 2.4 months, reflecting a market that can effectively absorb new listings.

    The building approvals Ratio for houses is rather low at 0.28% but falls within favourable limits, indicating limited supply of new dwellings. Meanwhile, the days on market for houses averages at 79, a bit high but still within a range that indicates moderate demand.

    The suburb faces a bit of a challenge with a combined vacancy rate (for houses and units) of 4.17%, suggesting a slight oversupply in the rental market. However, with a decent buy search index of 5, there seems to be balanced demand for houses in the area.

    In summary, while Mullumbimby offers attractive rental yields and a promising socio-economic environment, investors should consider the implications of low affordability and high vacancy rate on their investment potential. Keeping an eye on trends in these metrics is key to making the right property investment decision.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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