Crestwood (postcode 2620) is a smaller suburb in New South Wales within the Queanbeyan-Palerang Regional local government area. It is home to about 4,936 residents, with a blend of families and working-age professionals and a median age of 35. Households earn a median income of $89K per year, with an average household size of 2.2 people. 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, technicians & trades. Employment in the area leans toward public admin & safety and healthcare. The top ancestries reported are Australian, English, Irish.
The median house price in Crestwood is $840,000, having risen modestly by 0.9% over the past year. Units have a median price of $370,000 (+0.5% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,733.
Public transport access includes 18 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,677 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 3.4% (moderate yield). Property prices sit below the state median ($840K/$1.5M), which can point to relative value. The price-to-income ratio of 9.4x is considered moderate. House prices have moved +0.9% year-on-year.