Black Head is a small community in New South Wales within the Mid-Coast local government area (postcode 2430). With a population of 972, the suburb has an older demographic with a median age of 65. Households earn a median income of $55K per year, with an average household size of 2 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Black Head is $1.0 million, having grown strongly 6.1% over the past year. Units have a median price of $585,000 (-7.1% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 2.5%. 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 3,753 incidents per 100,000 population.
From an investment perspective, Black Head offers a gross rental yield of 2.5%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 19.1x is considered stretched. House prices have moved +6.1% year-on-year.
Black Head is a small community in New South Wales within the Mid-Coast local government area (postcode 2430). With a population of 972, the suburb has an older demographic with a median age of 65. Households earn a median income of $55K per year, with an average household size of 2 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Black Head is $1.0 million, having grown strongly 6.1% over the past year. Units have a median price of $585,000 (-7.1% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 2.5%. 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 3,753 incidents per 100,000 population.
From an investment perspective, Black Head offers a gross rental yield of 2.5%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 19.1x is considered stretched. House prices have moved +6.1% year-on-year.