Located in New South Wales within the Mid-Coast local government area, Black Head is a close-knit residential community (postcode 2430). The area has roughly 972 residents and a predominantly older resident base, with a median age of 65. Households earn a median income of $55K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Black Head has a median house price of $988,000, which has dropped significantly by 10.1% year-on-year. Units have a median price of $575,000 (-8.7% YoY). The current median weekly rent is $530. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,661.
Public transport access includes 8 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.8%, which reads as low yield. Property prices sit below the state median ($988K/$1.5M), which can point to relative value. The price-to-income ratio of 18.0x is considered stretched. House prices have moved -10.1% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.