Michelago NSW 2620

Here you can find what you need to know about Michelago, NSW, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$786k Median Sale Price (National Average $485k) 576th In NSW
20.92% Median Price Change (1 yr) (National Average 4.30%) 94th In NSW
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Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

Example Only
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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Michelago, NSW National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Michelago, NSW National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Michelago, NSW National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Michelago


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State Auction Clearance Rates - September 2018

Auctions Clearance rate
NSW 821 59%
ACT 115 59%
NT 9 40%
QLD 124 47%
SA 120 60%
TAS 3 0%
VIC 1,129 54%
WA 30 31%

Local Schools


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Suburb Information

Michelago, NSW 2620

Part of: Cooma-Monaro Council No data available

The size of Michelago is approximately 235.5 square kilometres. It has 2 parks covering nearly 9.1% of total area. The population of Michelago in 2011 was 647 people. By 2016 the population was 551 showing a population decline of 14.8% in the area during that time. The predominant age group in Michelago is 50-59 years. Households in Michelago are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Michelago work in a managers occupation. In 2011, 88.1% of the homes in Michelago were owner-occupied compared with 85.2% in 2016. (source: Australian Bureau of Statistics)

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Demographic data provided
by Australian Bureau of Statistics


Market Trends for Michelago   for Houses in last 12 months

Streets in Michelago


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