Crows Nest is a smaller residential area in New South Wales within the North Sydney local government area (postcode 2065). With a population of 4,974, the suburb has a mix of families and early-career residents with a median age of 36. Households earn a median income of $136K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% 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, clerical & administrative. Employment in the area leans toward professional services and finance & insurance. The top ancestries reported are English, Australian, Irish.
The median house price in Crows Nest is $3.7 million, having risen steeply by 23.3% over the past year. Units have a median price of $1.7 million (+54.7% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $3,033.
Crows Nest is served by 3 schools, including 3 secondary. The average ICSEA score is 1178, which is well above the national average of 1,000. Public transport access includes 1 rail station, 19 bus stops. The crime rate in the North Sydney LGA is low at 1,752 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 1.3% (low yield). Property prices are above the state median ($3.7M/$1.5M), placing it in the premium segment. The price-to-income ratio of 27.2x is considered stretched. House prices have moved +23.3% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.