Located in New South Wales within the Mid-Western Regional local government area, Caerleon is a quiet locality (postcode 2850). With a population of 184, the suburb has a predominantly early-career demographic with a median age of 29. Households earn a median income of $101K per year, with an average household size of 2.9 people. 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 community & personal service, machinery operators & drivers, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Caerleon has a median house price of $740,000, which has moved higher by 2.8% year-on-year. The current median weekly rent is $590. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $2,167.
Public transport access includes 17 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 4.1% (moderate yield). Property prices sit below the state median ($740K/$1.5M), which can point to relative value. The price-to-income ratio of 7.3x is considered moderate. House prices have moved +2.8% year-on-year.