Grasmere is a smaller suburb in New South Wales within the Camden local government area (postcode 2570). The area has roughly 2,105 residents and a predominantly older resident base, with a median age of 59. Households earn a median income of $86K per year, with an average household size of 2.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.7% 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 professionals, managers, clerical & administrative. Employment in the area leans toward construction and education. The top ancestries reported are English, Australian, Irish.
The median house price in Grasmere is $2.5 million, having ticked up by 0.5% over the past year. The current median weekly rent is $750. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,831.
Public transport access includes 10 bus stops. The crime rate in the Camden LGA is low at 1,786 incidents per 100,000 population.
On the investment side, Grasmere shows a gross rental yield of approximately 1.6%, rated as low yield. Property prices are above the state median ($2.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 29.2x is considered stretched. House prices have moved +0.5% year-on-year. Population growth of +3.7% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.