Located in New South Wales within the Mid-Coast local government area, Darawank is a small, quiet locality (postcode 2428). The area has roughly 451 residents and a settled, mature resident base, with a median age of 52. Households earn a median income of $67K per year, with an average household size of 2.6 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 professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Scottish.
Median house prices in Darawank stand at $1.2 million, having declined by 4.2% over the last twelve months. The current median weekly rent is $528. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,400.
Public transport access includes 15 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
Looking at the investment signals, Darawank shows a gross rental yield of approximately 2.3%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 18.1x is considered stretched. House prices have moved -4.2% 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.