Greta is a smaller suburb in New South Wales within the Cessnock local government area (postcode 2334). With a population of 3,349, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $100K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, machinery operators & drivers, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Greta is $698,000, having risen modestly 1.8% over the past year. Units have a median price of $650,000 (+22.2% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,755.
Greta is served by 1 school, including 1 primary. The average ICSEA score is 935, which is below the national average of 1,000. Public transport access includes 29 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Greta offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($698K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.0x is considered moderate. House prices have moved +1.8% year-on-year.
Greta is a smaller suburb in New South Wales within the Cessnock local government area (postcode 2334). With a population of 3,349, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $100K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, machinery operators & drivers, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Greta is $698,000, having risen modestly 1.8% over the past year. Units have a median price of $650,000 (+22.2% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,755.
Greta is served by 1 school, including 1 primary. The average ICSEA score is 935, which is below the national average of 1,000. Public transport access includes 29 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Greta offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($698K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.0x is considered moderate. House prices have moved +1.8% year-on-year.