Cullen Bullen is a quiet locality in New South Wales within the Lithgow local government area (postcode 2790). The area has roughly 166 residents and an older-leaning population, with a median age of 51. Households earn a median income of $54K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.5% 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 clerical & administrative, managers, technicians & trades. Employment in the area leans toward accommodation & food and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Cullen Bullen stand at $415,000, having posted strong gains by 6.4% over the last twelve months. The current median weekly rent is $440. This gives a gross rental yield of approximately 5.5%. The median monthly mortgage repayment is $1,571.
Cullen Bullen is served by 1 school, including 1 primary. The average ICSEA score is 790, which is well below the national average of 1,000. Public transport access includes 13 bus stops. The crime rate in the Lithgow LGA is moderate at 4,772 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 5.5%, which reads as high yield. Property prices sit below the state median ($415K/$1.5M), which can point to relative value. The price-to-income ratio of 7.7x is considered moderate. House prices have moved +6.4% year-on-year. Population growth of -0.5% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.