Elrington is a quiet locality in New South Wales within the Cessnock local government area (postcode 2325). With a population of 155, the suburb has a mature demographic with a median age of 51. Households earn a median income of $96K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, community & personal service, machinery operators & drivers. The top ancestries reported are Australian, English, Irish.
The median house price in Elrington is $1.9 million, having surged 38900% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 1.5%. 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 4,766 incidents per 100,000 population.
From an investment perspective, Elrington offers a gross rental yield of 1.5%, rated as low yield. Property prices are near the state median ($1.9M/$1.5M). The price-to-income ratio of 20.3x is considered stretched. House prices have moved +38900.0% year-on-year.
Elrington is a quiet locality in New South Wales within the Cessnock local government area (postcode 2325). With a population of 155, the suburb has a mature demographic with a median age of 51. Households earn a median income of $96K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, community & personal service, machinery operators & drivers. The top ancestries reported are Australian, English, Irish.
The median house price in Elrington is $1.9 million, having surged 38900% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 1.5%. 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 4,766 incidents per 100,000 population.
From an investment perspective, Elrington offers a gross rental yield of 1.5%, rated as low yield. Property prices are near the state median ($1.9M/$1.5M). The price-to-income ratio of 20.3x is considered stretched. House prices have moved +38900.0% year-on-year.