Faulkland is a quiet locality in New South Wales within the Mid-Coast local government area (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. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Faulkland is $910,000, having dropped significantly 10.1% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.0%. 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 3,753 incidents per 100,000 population.
From an investment perspective, Faulkland offers a gross rental yield of 3.0%, rated as moderate yield. Property prices sit below the state median ($910K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.2x is considered stretched. House prices have moved -10.1% year-on-year.
Faulkland is a quiet locality in New South Wales within the Mid-Coast local government area (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. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Faulkland is $910,000, having dropped significantly 10.1% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.0%. 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 3,753 incidents per 100,000 population.
From an investment perspective, Faulkland offers a gross rental yield of 3.0%, rated as moderate yield. Property prices sit below the state median ($910K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.2x is considered stretched. House prices have moved -10.1% year-on-year.