Cundletown (postcode 2430) is a compact suburb in New South Wales within the Mid-Coast local government area. With a population of 2,050, the suburb has a settled, mature resident base with a median age of 46. Households earn a median income of $68K 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 +0.7% 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 community & personal service, technicians & trades, professionals. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Irish.
The median house price in Cundletown is $575,000, having eased back by 0.9% over the past year. The current median weekly rent is $530. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,387.
Cundletown is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 964, which is around the national average of 1,000. Public transport access includes 34 bus stops. 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 4.8%, which reads as moderate yield. Property prices sit below the state median ($575K/$1.5M), which can point to relative value. The price-to-income ratio of 8.5x is considered moderate. House prices have moved -0.9% 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.