Burrell Creek is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2429). It is home to about 233 residents, with an older-leaning population and a median age of 54. Households earn a median income of $61K 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 +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 managers, professionals, community & personal service. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Scottish.
The median house price in Burrell Creek is $850,000, having risen solidly by 9.3% over the past year. The current median weekly rent is $435. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,517.
Public transport access includes 21 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, Gross rental yield sits at around 2.7% (low yield). Property prices sit below the state median ($850K/$1.5M), which can point to relative value. The price-to-income ratio of 13.8x is considered stretched. House prices have moved +9.3% 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.