Gerroa is a small community in New South Wales within the Kiama local government area (postcode 2534). The area has roughly 571 residents and an older demographic, with a median age of 56. Households earn a median income of $100K 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 -0.1% 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 professionals, managers, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Gerroa has a median house price of $2.1 million, which has risen modestly by 1.7% year-on-year. Units have a median price of $360,000 (-6.3% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $1,759.
Public transport access includes 16 bus stops. The crime rate in the Kiama LGA is low at 1,682 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 2.0% (low yield). Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 21.0x is considered stretched. House prices have moved +1.7% year-on-year. Population growth of -0.1% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.