Cedar Point is a quiet locality in New South Wales within the Kyogle local government area (postcode 2474). With a population of 175, the suburb has a mature demographic with a median age of 50. Households earn a median income of $73K per year, with an average household size of 2.4 people. The most common occupations are managers, clerical & administrative, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Cedar Point is $2.0 million, having surged 114.3% over the past year. The current median weekly rent is $925. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,736.
Public transport access includes 10 bus stops. The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, Cedar Point offers a gross rental yield of 2.4%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 27.3x is considered stretched. House prices have moved +114.3% year-on-year.
Cedar Point is a quiet locality in New South Wales within the Kyogle local government area (postcode 2474). With a population of 175, the suburb has a mature demographic with a median age of 50. Households earn a median income of $73K per year, with an average household size of 2.4 people. The most common occupations are managers, clerical & administrative, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Cedar Point is $2.0 million, having surged 114.3% over the past year. The current median weekly rent is $925. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,736.
Public transport access includes 10 bus stops. The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, Cedar Point offers a gross rental yield of 2.4%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 27.3x is considered stretched. House prices have moved +114.3% year-on-year.