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Suburb Insights ยท NSW 2540

Myola 2540, New South Wales

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Myola is a coastal suburb in New South Wales, Australia, with a population of approximately 94, making it a boutique locality. Located approximately 137 km from the Sydney CBD, Myola is a coastal area in New South Wales. The median household income is $50,908 AUD per year (ABS 2021 Census).

Investment Score

30 / 100 Weak

Myola's income profile suggests a value-oriented market with competitive purchase prices. The coastal setting provides a lifestyle factor that underpins property values.

Location

Map shows Myola, New South Wales, Australia.

Key Indicators

Postcode
2540

Official Australia Post postcode for Myola. A postcode may cover multiple suburbs.

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Population
94

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$333/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$50,908/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
137 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,237/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
14% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Coastal lifestyle is a strong draw for Myola, supporting both long-term rental demand and holiday letting potential. Seaside suburbs in New South Wales consistently attract interstate migration and lifestyle buyers. The median rent of $333/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,237/month. With only 14% separate houses, Myola has a significant apartment and unit market โ€” typical of inner-city investment corridors.

Investment Strategy

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Buy & Hold

A buy-and-hold approach in Myola could work well with careful property selection and a longer time horizon.

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Rental Yield

Myola can deliver reasonable rental income, though yields are not the primary draw.

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Renovation / Flip

Limited buyer depth in Myola makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

Run the numbers on a Myola property

Full Property Analysis

30-year projections for Myola

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2026 Outlook

Growth: Low Rental Demand: Moderate Investor Sentiment: Low

Myola faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. Tenants in Myola have options โ€” presenting well-maintained properties is key to minimising vacancy. Investor sentiment toward Myola is currently lukewarm โ€” value hunters may find opportunity here.

Frequently Asked Questions

Is Myola a good suburb for investment?

Myola is a coastal area in New South Wales with a population of 94. The median rent is $333/week and the median household income is $50,908/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Myola?

Key demand drivers in Myola include lifestyle appeal and proximity to the coast. 14% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Myola?

According to the ABS 2021 Census, Myola has a population of approximately 94. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Myola from the Sydney CBD?

Myola is approximately 137 km straight-line distance from the Sydney CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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