Cheero Point is a quiet locality in New South Wales within the Central Coast (NSW) local government area (postcode 2083). It is home to about 100 residents, with an established demographic and a median age of 41. Households earn a median income of $126K per year, with an average household size of 2.2 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, managers, technicians & trades. Employment in the area leans toward education and professional services. The top ancestries reported are English, Australian, Scottish.
Cheero Point has a median house price of $957,000, which has risen steeply by 12.9% year-on-year. The current median weekly rent is $492. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,945.
Public transport access includes 1 bus stop. The crime rate in the Central Coast (NSW) LGA is below average at 3,557 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.7%, which reads as low yield. Property prices sit below the state median ($957K/$1.5M), which can point to relative value. The price-to-income ratio of 7.6x is considered moderate. House prices have moved +12.9% 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.