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 blend of families and working-age professionals with a median age of 33. Households earn a median income of $100K per year, with an average household size of 2.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.9% 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, machinery operators & drivers, community & personal service. Employment in the area leans toward mining and healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in Greta stand at $743,000, having grown strongly by 8.9% over the last twelve months. Units have a median price of $330,000 (-5.4% YoY). The current median weekly rent is $570. This gives a gross rental yield of approximately 4.0%. 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 4,890 incidents per 100,000 population.
Looking at the investment signals, Greta shows a gross rental yield of approximately 4.0%, rated as moderate yield. Property prices sit below the state median ($743K/$1.5M), which can point to relative value. The price-to-income ratio of 7.4x is considered moderate. House prices have moved +8.9% year-on-year. Population growth of +2.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.