Buttai (postcode 2323) is a small, quiet locality in New South Wales within the Cessnock local government area. The area has roughly 52 residents and 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. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.9% 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, managers, machinery operators & drivers. Employment in the area leans toward construction and professional services. The top ancestries reported are Australian, English, German.
Median house prices in Buttai sit at $1.0 million, little changed on a year ago. The current median weekly rent is $635. This gives a gross rental yield of approximately 3.2%. 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 4,890 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 3.2% (moderate yield). Property prices sit below the state median ($1.0M/$1.5M), which can point to relative value. The price-to-income ratio of 5.2x is considered affordable. House prices have moved +0.0% year-on-year. Population growth of +2.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.