Blayney is a smaller residential area in New South Wales within the Blayney local government area (postcode 2799). The area has roughly 3,448 residents and a settled mid-life population, with a median age of 38. Households earn a median income of $72K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% 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 technicians & trades, labourers, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Irish.
Median house prices in Blayney stand at $535,000, having dropped significantly by 8.2% over the last twelve months. Units have a median price of $315,000 (+2.9% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $1,380.
Blayney is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 938, which is below the national average of 1,000. Public transport access includes 1 rail station, 86 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Blayney LGA is below average at 2,080 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 5.3% (high yield). Property prices sit below the state median ($535K/$1.5M), which can point to relative value. The price-to-income ratio of 7.4x is considered moderate. House prices have moved -8.2% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.