Located in New South Wales within the Byron local government area, Eureka is a small, quiet locality (postcode 2480). It is home to about 353 residents, with a settled, mature resident base and a median age of 47. Households earn a median income of $101K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% 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 managers, professionals, technicians & trades. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Irish.
Eureka has a median house price of $1.6 million, which has moved higher by 3.3% year-on-year. The current median weekly rent is $510. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $1,986.
Eureka is served by 1 school, including 1 primary. The average ICSEA score is 1084, which is above the national average of 1,000. Public transport access includes 21 bus stops. The crime rate in the Byron LGA is moderate at 4,232 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 1.7% (low yield). Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 15.3x is considered stretched. House prices have moved +3.3% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.