Broadmeadow is a small community in New South Wales within the Newcastle local government area (postcode 2292). It is home to about 1,688 residents, with a mix of families and early-career residents and a median age of 34. Households earn a median income of $86K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% 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, community & personal service, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
The median house price in Broadmeadow is $1.1 million, having surged by 16% over the past year. Units have a median price of $750,000 (+4.5% YoY). The current median weekly rent is $690. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,856.
Broadmeadow is served by 4 schools, including 1 primary, 1 secondary, 1 combined, 1 special. The average ICSEA score is 1048, which is around the national average of 1,000. Public transport access includes 22 bus stops. The crime rate in the Newcastle LGA is moderate at 6,285 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.1%, which reads as moderate yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 13.4x is considered stretched. House prices have moved +16.0% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.