Annangrove (postcode 2156) is a close-knit residential community in New South Wales within the The Hills Shire local government area. With a population of 1,472, the suburb has an established family demographic with a median age of 44. Households earn a median income of $138K per year, with an average household size of 3.5 people. 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 managers, technicians & trades, professionals. Employment in the area leans toward construction and education. The top ancestries reported are Australian, English, Irish.
Median house prices in Annangrove stand at $3.7 million, having surged by 14.3% over the last twelve months. The current median weekly rent is $650. This gives a gross rental yield of approximately 0.9%. The median monthly mortgage repayment is $3,000.
Annangrove is served by 1 school, including 1 primary. The average ICSEA score is 1096, which is above the national average of 1,000. Public transport access includes 41 bus stops. The crime rate in the The Hills Shire LGA is low at 1,315 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 0.9%, which reads as low yield. Property prices are above the state median ($3.7M/$1.5M), placing it in the premium segment. The price-to-income ratio of 26.5x is considered stretched. House prices have moved +14.3% year-on-year.