Burrell Creek is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2429). With a population of 233, the suburb has a mature demographic with a median age of 54. Households earn a median income of $61K per year, with an average household size of 2.2 people. The most common occupations are managers, professionals, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Burrell Creek is $1.0 million, having surged 20.5% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 2.0%. 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 3,753 incidents per 100,000 population.
From an investment perspective, Burrell Creek offers a gross rental yield of 2.0%, 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 16.8x is considered stretched. House prices have moved +20.5% year-on-year.
Burrell Creek is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2429). With a population of 233, the suburb has a mature demographic with a median age of 54. Households earn a median income of $61K per year, with an average household size of 2.2 people. The most common occupations are managers, professionals, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Burrell Creek is $1.0 million, having surged 20.5% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 2.0%. 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 3,753 incidents per 100,000 population.
From an investment perspective, Burrell Creek offers a gross rental yield of 2.0%, 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 16.8x is considered stretched. House prices have moved +20.5% year-on-year.