Located in New South Wales within the Liverpool local government area, Carnes Hill is a smaller suburb (postcode 2171). With a population of 3,332, the suburb has a mix of families and early-career residents with a median age of 32. Households earn a median income of $137K per year, with an average household size of 3.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.3% 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, clerical & administrative, managers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Indian, Australian, English.
The median house price in Carnes Hill is $1.4 million, having moved higher by 4.5% over the past year. Units have a median price of $888,000 (+12% YoY). The current median weekly rent is $798. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,700.
Carnes Hill is served by 2 schools, including 2 primary. The average ICSEA score is 1035, which is around the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Liverpool LGA is below average at 3,212 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.9% (low yield). Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 10.5x is considered stretched. House prices have moved +4.5% year-on-year. Population growth of +2.3% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.