Allandale (postcode 2320) is a sparsely populated locality in New South Wales within the Cessnock local government area. With a population of 68, the suburb has an older-leaning population with a median age of 49. Households earn a median income of $110K per year, with an average household size of 2.3 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 professionals, technicians & trades, managers. Employment in the area leans toward admin services and education. The top ancestries reported are English, Australian, Scottish.
Allandale has a median house price of $1.4 million, which has jumped by 107.4% year-on-year. The current median weekly rent is $620. This gives a gross rental yield of approximately 2.3%. 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 4,890 incidents per 100,000 population.
From an investment perspective, Allandale shows a gross rental yield of approximately 2.3%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 12.7x is considered stretched. House prices have moved +107.4% 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.