What is the true cost of buying an apartment in Mullumbimby?

The median apartment in Mullumbimby is $520,000. Including stamp duty ($17,930), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $44,048, or $3,671/month.

What does it really cost to buy a house in Mullumbimby?

The median house in Mullumbimby is $850,000. True first-year cost including stamp duty ($32,780), rates, insurance, maintenance, and mortgage repayments is approximately $60,926.

What is the vacancy rate in Mullumbimby?

Mullumbimby currently has a vacancy rate of 1.8%. Properties average 42 days on market.

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True Cost of Buying in Mullumbimby

2482 NSW · 765km to CBD

Stable

Market Intelligence

Mullumbimby is a vibrant regional town in NSW's Byron Shire, known as the 'biggest little town in Australia' with a strong alternative culture and arts scene. Located just 20km from Byron Bay, it attracts lifestyle seekers, creative professionals, and families seeking a tree-change lifestyle. The town features a thriving farmers market, regular music festivals, and strong community spirit centered around sustainability and organic farming. Property prices have increased significantly since 2020 due to spillover from Byron Bay and regional migration from Sydney and Melbourne. The market is characterized by limited housing supply, tight rental conditions, and a mix of heritage homes and rural lifestyle properties. Infrastructure includes NBN connectivity supporting remote workers, though public transport options are limited. The community offers excellent lifestyle amenities including proximity to beaches, hinterland attractions, and a strong focus on environmental sustainability and alternative health practices.

Strong alternative culture and vibrant arts sceneClose proximity to Byron Bay beaches and hinterlandActive community with regular markets and festivalsGrowing property values due to lifestyle migrationExcellent lifestyle amenities and sustainability focus

Market Snapshot

Median House

$850K

+8.5% 1yr

Median Apartment

$520K

+7.2% 1yr

Median Townhouse

$680K

Vacancy Rate

1.8%

42 avg DOM

Yield (Apartment)

5.1%

Yield (House)

4.2%

Auction Clearance

72%

Population

4,200

True Cost Breakdown

Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier

Apartment

$3,671/mo

Purchase Price

$520,000

Stamp Duty

$17,930

1st Year Total

$44,048

House

$5,077/mo

Purchase Price

$850,000

Stamp Duty

$32,780

1st Year Total

$60,926

Townhouse

$4,280/mo

Purchase Price

$680,000

Stamp Duty

$25,130

1st Year Total

$51,356

Run Your Own Numbers

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