Elrington (postcode 2325) is a quiet locality in New South Wales within the Cessnock local government area. With a population of 155, the suburb has a settled, mature resident base with a median age of 51. Households earn a median income of $96K per year, with an average household size of 2.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.9% 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 technicians & trades, community & personal service, machinery operators & drivers. Employment in the area leans toward healthcare and mining. The top ancestries reported are Australian, English, Irish.
The median house price in Elrington is $1.2 million, having jumped by 11.6% over the past year. The current median weekly rent is $580. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,167.
Public transport access includes 3 bus stops. The crime rate in the Cessnock LGA is moderate at 4,890 incidents per 100,000 population.
From an investment perspective, Elrington shows a gross rental yield of approximately 2.5%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 12.5x is considered stretched. House prices have moved +11.6% year-on-year. Population growth of +2.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.