Cedar Party is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2429). With a population of 379, the suburb has an older demographic with a median age of 57. Households earn a median income of $62K per year, with an average household size of 2.6 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are Australian, English, Irish.
The median house price in Cedar Party is $640,000, having dropped significantly 32.8% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 3.3%. 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 3,753 incidents per 100,000 population.
From an investment perspective, Cedar Party offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($640K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.4x is considered stretched. House prices have moved -32.8% year-on-year.
Cedar Party is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2429). With a population of 379, the suburb has an older demographic with a median age of 57. Households earn a median income of $62K per year, with an average household size of 2.6 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are Australian, English, Irish.
The median house price in Cedar Party is $640,000, having dropped significantly 32.8% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 3.3%. 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 3,753 incidents per 100,000 population.
From an investment perspective, Cedar Party offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($640K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.4x is considered stretched. House prices have moved -32.8% year-on-year.