Constitution Hill (postcode 2145) is a smaller residential area in New South Wales within the Parramatta local government area. It is home to about 4,030 residents, with an established family demographic and a median age of 38. Households earn a median income of $89K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% 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, clerical & administrative, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Lebanese.
Constitution Hill has a median house price of $1.6 million, which has surged by 17% year-on-year. Units have a median price of $754,000 (-0.5% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,167.
Public transport access includes 14 bus stops. The crime rate in the Parramatta LGA is below average at 3,255 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.2%, which reads as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 18.3x is considered stretched. House prices have moved +17.0% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.