Craven is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2422). With a population of 104, the suburb has a mature demographic with a median age of 54. Households earn a median income of $55K per year, with an average household size of 2.3 people. The most common occupations are machinery operators & drivers, labourers, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Craven is $750,000, having dropped significantly 57.5% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,105.
Public transport access includes 7 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, Craven offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($750K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.7x is considered stretched. House prices have moved -57.5% year-on-year.
Craven is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2422). With a population of 104, the suburb has a mature demographic with a median age of 54. Households earn a median income of $55K per year, with an average household size of 2.3 people. The most common occupations are machinery operators & drivers, labourers, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Craven is $750,000, having dropped significantly 57.5% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,105.
Public transport access includes 7 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, Craven offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($750K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.7x is considered stretched. House prices have moved -57.5% year-on-year.