Located in New South Wales within the Mid-Coast local government area, Croki is a quiet locality (postcode 2430). The area has roughly 34 residents and a predominantly older resident base, with a median age of 61. Households earn a median income of $63K per year, with an average household size of 2.1 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 technicians & trades, professionals, sales. Employment in the area leans toward agriculture and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Croki stand at $360,000, having climbed sharply by 116.9% over the last twelve months. The current median weekly rent is $530. This gives a gross rental yield of approximately 7.7%. The median monthly mortgage repayment is $1,150.
The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 7.7%, which reads as high yield. Property prices sit below the state median ($360K/$1.5M), which can point to relative value. The price-to-income ratio of 5.7x is considered affordable. House prices have moved +116.9% 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.