Buttai is a quiet locality in New South Wales within the Cessnock local government area (postcode 2323). With a population of 52, the suburb has an established demographic with a median age of 42. Households earn a median income of $195K per year, with an average household size of 3.3 people. The most common occupations are professionals, managers, machinery operators & drivers. The top ancestries reported are Australian, English, German.
The median house price in Buttai is $1.0 million, having declined 7.6% over the past year. The current median weekly rent is $595. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,134.
Public transport access includes 1 bus stop. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Buttai offers a gross rental yield of 3.0%, rated as moderate yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.2x is considered affordable. House prices have moved -7.6% year-on-year.
Buttai is a quiet locality in New South Wales within the Cessnock local government area (postcode 2323). With a population of 52, the suburb has an established demographic with a median age of 42. Households earn a median income of $195K per year, with an average household size of 3.3 people. The most common occupations are professionals, managers, machinery operators & drivers. The top ancestries reported are Australian, English, German.
The median house price in Buttai is $1.0 million, having declined 7.6% over the past year. The current median weekly rent is $595. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,134.
Public transport access includes 1 bus stop. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Buttai offers a gross rental yield of 3.0%, rated as moderate yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.2x is considered affordable. House prices have moved -7.6% year-on-year.