Cundletown is a smaller suburb in New South Wales within the Mid-Coast local government area (postcode 2430). With a population of 2,050, the suburb has a mature demographic with a median age of 46. Households earn a median income of $68K per year, with an average household size of 2.5 people. The most common occupations are community & personal service, technicians & trades, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Cundletown is $643,000, having surged 14.8% over the past year. Units have a median price of $333,000 (+1.5% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 4.0%. 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 3,753 incidents per 100,000 population.
From an investment perspective, Cundletown offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($643K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.5x is considered moderate. House prices have moved +14.8% year-on-year.
Cundletown is a smaller suburb in New South Wales within the Mid-Coast local government area (postcode 2430). With a population of 2,050, the suburb has a mature demographic with a median age of 46. Households earn a median income of $68K per year, with an average household size of 2.5 people. The most common occupations are community & personal service, technicians & trades, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Cundletown is $643,000, having surged 14.8% over the past year. Units have a median price of $333,000 (+1.5% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 4.0%. 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 3,753 incidents per 100,000 population.
From an investment perspective, Cundletown offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($643K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.5x is considered moderate. House prices have moved +14.8% year-on-year.