Located in New South Wales within the Upper Hunter Shire local government area, Cassilis is a quiet locality (postcode 2329). The area has roughly 278 residents and an established family demographic, with a median age of 42. Households earn a median income of $72K per year, with an average household size of 2.6 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 managers, labourers, professionals. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Scottish.
Cassilis has a median house price of $224,000, which has declined steeply by 32.6% year-on-year. The current median weekly rent is $440. This gives a gross rental yield of approximately 10.2%. The median monthly mortgage repayment is $1,138.
Cassilis is served by 1 school, including 1 primary. The average ICSEA score is 959, which is around the national average of 1,000. Public transport access includes 13 bus stops. The crime rate in the Upper Hunter Shire LGA is below average at 3,369 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 10.2%, which reads as high yield. Property prices sit below the state median ($224K/$1.5M), which can point to relative value. The price-to-income ratio of 3.1x is considered affordable. House prices have moved -32.6% year-on-year.