Located in New South Wales within the Mid-Coast local government area, Faulkland is a quiet locality (postcode 2422). With a population of 106, the suburb has a mature demographic with a median age of 54. Households earn a median income of $89K per year, with an average household size of 2.2 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 managers, professionals, clerical & administrative. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Scottish.
Median house prices in Faulkland sit at $373,000, little changed on a year ago. The current median weekly rent is $480. This gives a gross rental yield of approximately 6.7%. The median monthly mortgage repayment is $1,105.
Public transport access includes 11 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 6.7% (high yield). Property prices sit below the state median ($373K/$1.5M), which can point to relative value. The price-to-income ratio of 4.2x is considered affordable. House prices have moved +0.0% 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.