Cedar Party is a sparsely populated locality in New South Wales within the Mid-Coast local government area (postcode 2429). With a population of 379, the suburb has a more retirement-aged population with a median age of 57. Households earn a median income of $62K per year, with an average household size of 2.6 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 professionals, community & personal service, managers. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are Australian, English, Irish.
Cedar Party has a median house price of $920,000, which has climbed sharply by 31.4% year-on-year. The current median weekly rent is $435. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,652.
Public transport access includes 30 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
From an investment perspective, Cedar Party shows a gross rental yield of approximately 2.5%, rated as low yield. Property prices sit below the state median ($920K/$1.5M), which can point to relative value. The price-to-income ratio of 15.0x is considered stretched. House prices have moved +31.4% 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.