Allandale is a quiet locality in New South Wales within the Cessnock local government area (postcode 2320). With a population of 68, the suburb has a mature demographic with a median age of 49. Households earn a median income of $110K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Allandale is $2.2 million, having surged 38.8% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,414.
Public transport access includes 2 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Allandale offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($2.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 20.1x is considered stretched. House prices have moved +38.8% year-on-year.
Allandale is a quiet locality in New South Wales within the Cessnock local government area (postcode 2320). With a population of 68, the suburb has a mature demographic with a median age of 49. Households earn a median income of $110K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Allandale is $2.2 million, having surged 38.8% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,414.
Public transport access includes 2 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Allandale offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($2.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 20.1x is considered stretched. House prices have moved +38.8% year-on-year.