Gymea is a moderately sized suburb in New South Wales within the Sutherland Shire local government area (postcode 2227). With a population of 8,219, the suburb has a settled mid-life population with a median age of 39. Households earn a median income of $107K per year, with an average household size of 2.5 people. 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, clerical & administrative, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
The median house price in Gymea is $1.8 million, having dipped slightly by 2.3% over the past year. Units have a median price of $964,000 (-8.2% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,600.
Gymea is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 1088, which is above the national average of 1,000. Public transport access includes 35 bus stops. The crime rate in the Sutherland Shire LGA is low at 1,776 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.6% (low yield). Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 17.1x is considered stretched. House prices have moved -2.3% year-on-year.