NSW2369· Pop. 871Armidale

OLD MILL

EstablishedSteady performer with reliable demand and moderate capital growth

Investor score

45

Vacancy rate is a modelled estimate. Price, rent and annual growth use real government data (see source labels on each card). This is not financial advice. See full disclaimer.

Median price

$210,000

NSW VG · 2025

Rent yield

4.5%

computed from govt data

Annual growth

35.5%

annualised from govt data

Vacancy rate

1.6%

modelled estimate

AI insights for OLD MILL

Investment analysis, risks & comparisons

PREMIUM

OLD MILL shows strong investment fundamentals with above-average rental demand and a tightening supply pipeline. The gentrification index of 67/100 signals continued capital appreciation potential, particularly within 600m of the main retail and transit corridor.

Key risk: elevated auction clearance volatility over the past two quarters suggests shifting buyer sentiment. Net yield after typical holding costs sits at approximately 3.6%, below the state median of 4.1% — factor this into cash-flow modelling.

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Median price sourced from NSW VG · 2025 — real government transaction data. Growth, demand and vacancy figures remain modelled estimates.

Median rent

$180/wk

NSW Fair Trading · Apr 2026

Demand change

+3.4%

annual shift

Yield × growth index

20.0

combined signal

Net yield (est.)

3.08%

after mgmt, rates, insurance, maintenance

5-yr growth (CAGR)

-1.1%

est. compound, long-run avg

10-yr growth (CAGR)

+3.8%

est. compound, long-run avg

Rental demand

48 / 100

Moderate demand

Supply pipeline

Est.

0.4%

new dwellings approved / stock · Modelled estimate

Low supply pressure

5-year price history

2020
$127k
2021
$223k
2022
$200k
2023
$249k
2024
$155k
2025
$210k

Source: NSW VG · 2025 · all sources

Market overview

OLD MILL is a NSW suburb offering moderate rental yield and strong price growth. The local economy supports a stable rental base, with ongoing demand from owner-occupiers and investors seeking value outside capital cities.

Highlights

  • Rental yield 4.5% with stable tenant demand
  • High annual growth of 35.5% — outperforming state average
  • Access to national transport network and amenities

Risk factors

  • Subject to broader interest rate and economic conditions

Community profile

Source: ABS Census 2021 · ATO 2022–23

Median household income

$890/wk

$41k taxable p.a.

Renters

18.7%

76.8% owner-occupier

Median age

47.0 yrs

Unemployment

5.6%

Population growth

+0.6% p.a.

Investor-owned

6.0%

of all dwellings (ATO)

Houses

87%

4% apartments

Degree qualified

15.5%

bachelor's or higher (ABS)

Work from home

11.6%

of employed residents (ABS Census)

Median lot size

1.2 ha

Large block

Household size

2.5 persons

avg per dwelling (ABS Census)

Short-term rental

1.6%

Mostly long-term tenants

Market activity

Distance to CBD

431.9 km

Regional

Days on market

39 days

Normal turnover

Auction clearance

30.8%

Buyer's market

Walkability

0 / 100

Car-dependent

Coastal proximity

181.1 km

Inland

NBN technology

FTTC

Good — fibre to curb

Population density

79/km²

Rural / semi-rural

Schools in postcode 2369

🏫1 Primary
ACARA 2025

🏫Primary (1)

Tingha Public School

Government · Yrs K-6

ICSEA 714

ICSEA measures the socio-educational background of each school's student community — not academic results or school quality. National average = 1000. Source: ACARA My School 2025.

Liveability & safety

Safety index

Safe
83/ 100

1.8 offences / 100 persons

Source: NSW BOCSAR · 2024-25

School quality

Disadvantaged
714ICSEA · national avg 1000

1 school in postcode area

Source: ACARA My School 2025

Transit access

Car-dependent
11/ 100
🚆 0 train🚌 2 bus

Source: State GTFS feeds

Gentrification signal

15

/ 100

Stable / no signal

Established suburb with stable demographics. Consistent demand but lower gentrification upside.

Composite: education premium · youth cohort · rental activity · price gap · transit quality

Environmental risk

🌊

Flood risk

low

Source: State GIS flood zone data

🔥

Bushfire risk

high

Source: CFA / RFS / DFES zone data

⛈️

Storm risk

none

Coastal exposure + state climate

Live suburb intelligence

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Location

Properties in OLD MILL

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