Gloucester is a smaller suburb in New South Wales within the Mid-Coast local government area (postcode 2422). With a population of 3,133, the suburb has an older demographic with a median age of 55. Households earn a median income of $51K per year, with an average household size of 2.1 people. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Gloucester is $580,000, having risen modestly 0.9% over the past year. Units have a median price of $490,000 (-10.9% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,300.
Gloucester is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 978, which is around the national average of 1,000. Public transport access includes 2 rail stations, 75 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Gloucester offers a gross rental yield of 4.7%, rated as moderate yield. Property prices sit below the state median ($580K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.3x is considered stretched. House prices have moved +0.9% year-on-year.
Gloucester is a smaller suburb in New South Wales within the Mid-Coast local government area (postcode 2422). With a population of 3,133, the suburb has an older demographic with a median age of 55. Households earn a median income of $51K per year, with an average household size of 2.1 people. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Gloucester is $580,000, having risen modestly 0.9% over the past year. Units have a median price of $490,000 (-10.9% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,300.
Gloucester is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 978, which is around the national average of 1,000. Public transport access includes 2 rail stations, 75 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Gloucester offers a gross rental yield of 4.7%, rated as moderate yield. Property prices sit below the state median ($580K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.3x is considered stretched. House prices have moved +0.9% year-on-year.