Located in New South Wales within the Mid-Coast local government area, Caffreys Flat is a quiet locality (postcode 2424). With a population of 53, the suburb has a predominantly older resident base with a median age of 59. Households earn a median income of $36K per year, with an average household size of 2.1 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 labourers, managers, professionals. Employment in the area leans toward agriculture and public admin & safety. The top ancestries reported are English, Scottish, Australian.
Median house prices in Caffreys Flat stand at $300,000, having risen steeply by 15.4% over the last twelve months. The median weekly rent is $150 (Census 2021). This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $1,314.
Public transport access includes 5 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.6%, which reads as low yield. Property prices sit below the state median ($300K/$1.5M), which can point to relative value. The price-to-income ratio of 8.2x is considered moderate. House prices have moved +15.4% 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.