Located in New South Wales within the Waverley local government area, Dover Heights is a smaller residential area (postcode 2030). It is home to about 4,044 residents, with an established family demographic and a median age of 41. Households earn a median income of $202K per year, with an average household size of 3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, South African.
Median house prices in Dover Heights stand at $7.3 million, having posted strong gains by 6.4% over the last twelve months. Units have a median price of $2.1 million (+40.7% YoY). The current median weekly rent is $1350. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $4,333.
Dover Heights is served by 2 schools, including 1 secondary, 1 combined. The average ICSEA score is 1094, which is above the national average of 1,000. Public transport access includes 19 bus stops. The crime rate in the Waverley LGA is below average at 3,096 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 1.0% (low yield). Property prices are above the state median ($7.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 36.1x is considered stretched. House prices have moved +6.4% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.