Dewitt is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2422). With a population of 11, the suburb has a mature demographic with a median age of 53. Households earn a median income of $24K per year, with an average household size of 2 people. The most common occupations are clerical & administrative, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Dewitt is $405,000, having dropped significantly 45.3% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 6.7%. The median monthly mortgage repayment is $2,167.
The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Dewitt offers a gross rental yield of 6.7%, rated as high yield. Property prices sit below the state median ($405K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 16.7x is considered stretched. House prices have moved -45.3% year-on-year.
Dewitt is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2422). With a population of 11, the suburb has a mature demographic with a median age of 53. Households earn a median income of $24K per year, with an average household size of 2 people. The most common occupations are clerical & administrative, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Dewitt is $405,000, having dropped significantly 45.3% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 6.7%. The median monthly mortgage repayment is $2,167.
The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Dewitt offers a gross rental yield of 6.7%, rated as high yield. Property prices sit below the state median ($405K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 16.7x is considered stretched. House prices have moved -45.3% year-on-year.