Located in New South Wales within the Mid-Coast local government area, Failford is a small community (postcode 2430). The area has roughly 748 residents and an older demographic, with a median age of 58. Households earn a median income of $52K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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, managers, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Scottish.
The median house price in Failford is $1.2 million, having declined by 6.7% over the past year. The current median weekly rent is $530. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,733.
Public transport access includes 26 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.3% (low yield). Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 22.5x is considered stretched. House prices have moved -6.7% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.