Question 1

Is Mullumbimby a nice place to live?

Accepted Answer

Mullumbimby sits in a leafy valley at the foot of Mount Chincogan and reads as a relaxed hinterland town with a creative, alternative character. The compact main strip has heritage timber and Federation-era buildings, independent cafés, grocers and artisan shops, while regular markets and community arts activity add to village-style everyday life. Surrounding properties range from small acreage farms to renovated cottages, and road links to nearby coastal towns keep services within reach.

It is a small community of 4,180 people with a median age of 45 and households largely owner-occupied (68.7%), and families are dominated by couples who make up about three in four families. Several council and state-led projects are planned or under way, from a Station Street proposal for affordable rental homes and retail to masterplanning of the former hospital site, a proposed rail trail and upgrades to schools, emergency services and parks. Whether that mix suits you comes down to what you’re after in a suburb.

Question 2

Is it expensive to live in Mullumbimby?

Accepted Answer

A house in Mullumbimby at the current median price of $1,120,000 works out to about 15.9 times a typical local annual household income at the last Census, which places buying well above what households in the area were earning then. Rents are also a large share of income: a house rent of $950 a week would take about 70.0% of a typical local household's weekly income at the last Census, while a unit rent of $600 a week would take about 44.3%. On these figures, buying sits much further above local incomes than renting does, although renting would still use a large part of a typical local household's income.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Mullumbimby a good place to invest?

Accepted Answer

Rental income has been the clearest movement in Mullumbimby over the past 12 months. House rents jumped 15.2%, a strong rise, while unit rents rose 9.1%, a solid increase, so the rent a house earns has been the stronger performer this year. There isn't enough recent data to show how property prices moved over the same period, so these figures speak only to rental income; whether that fits your investment goals is for you to weigh up.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.12M	N/A
Change in value Past 12 months	N/A	N/A
Sold Past 3 months	23	6
Median days on market Past 12 months	68	N/A
Average rent Past 12 months	$950	$600
Change in rent Past 12 months	15.2%	9.1%

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