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Myocum, NSW 2481

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 Myocum, NSW 2481 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.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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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No Rent Data
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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 “Myocum, NSW 2481”

  1. The total adult population (15 years or older) of Myocum 2481 NSW is 1,015, with a median age of 47. Of those, 37.54% are married, 20.10% are divorced or separated, 39.11% are single and 2.66% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $7,688. The median monthly mortgage repayment for households in this suburb is $2,167 which is 28.19% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Myocum, postcode 2481, resides within the borders of New South Wales and plays home to approximately 438 households. As of the third quarter of 2023, house prices in Myocum have followed a typical trend of around $2,246,258. The median weekly rent of these residences sits at a robust $1,185, contributing to an indicative yield of 2.74%.

    A glance at the socio-economic facets of the suburb reveals an IRSAD score of 1024 out of 1217. This suggests that the residents of this location enjoy a significantly upscale socio-economic status. In terms of the renter to owner ratio, Myocum’s metrics reveal a fairly balanced rental market, with 28% of the dwellings being tenanted. Interestingly, the suburb’s market is entirely dominated by houses, with no units recorded – hence a 0% units to houses ratio.

    Despite the upscale residential stature, the affordability index paints a contrasting picture. At a staggering 114 years, accessibility to fully owning a property remains a concern for prospects in Myocum. On the supply front, the stock on market percentage for houses is within neutral bounds at 0.46%. The inventory level for houses, which provides a glance into the absorptiveness of the property market, stands at 4.8 months, indicating a balanced market environment. Whereas, the building approvals ratio for the same is noted to be 1.14%.

    Yet, high demand is exhibited through the suburb’s ‘Days on Market’ with properties spending an average of 79 days up for sale. This suggests that despite high prices, the demand in Myocum remains substantial. The suburb’s vacancy rate, considering both houses and units, stands at a moderate 1.59%, indicating a reasonable supply-demand balance. Finally, the buy search index relevant to houses stands pronounced at 5 – a figure representing the suburb’s relative demand in comparison to the state average.

    In assessing these figures, remember that the values and trends of these metrics are crucial in calculating the capital gains potential and rental yields. Not all metrics need to be favourable if the majority are in play for the appeal. Also, consider RCS (Relative Composite Score) by HtAG Analytics to simplify and automate your data research using 80+ metrics. Myocum appears to possess several appealing investment dynamics despite its apparent affordability concerns.

    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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