Fern Gully (postcode 2330) is a quiet locality in New South Wales within the Singleton local government area. The area has roughly 47 residents and a settled, mature resident base, with a median age of 45. Households earn a median income of $143K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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, clerical & administrative, managers. Employment in the area leans toward construction and mining. The top ancestries reported are Australian, English, Scottish.
The median house price in Fern Gully is $2.9 million, broadly unchanged over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 1.1%. The median monthly mortgage repayment is $2,383.
The crime rate in the Singleton LGA is below average at 3,442 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 1.1%, which reads as low yield. Property prices are above the state median ($2.9M/$1.5M), placing it in the premium segment. The price-to-income ratio of 20.4x is considered stretched. House prices have moved +0.0% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.