Abermain (postcode 2326) is a smaller residential area in New South Wales within the Cessnock local government area. It is home to about 2,544 residents, with a mix of young professionals and families and a median age of 37. Households earn a median income of $75K per year, with an average household size of 2.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.9% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, machinery operators & drivers, labourers. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Abermain is $652,000, having grown strongly by 6.9% over the past year. Units have a median price of $460,000 (+116.5% YoY). The current median weekly rent is $565. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,430.
Abermain is served by 2 schools, including 2 primary. The average ICSEA score is 954, which is around the national average of 1,000. Public transport access includes 21 bus stops. The crime rate in the Cessnock LGA is moderate at 4,890 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 4.5% (moderate yield). Property prices sit below the state median ($652K/$1.5M), which can point to relative value. The price-to-income ratio of 8.7x is considered moderate. House prices have moved +6.9% year-on-year. Population growth of +2.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.