Hannam Vale (postcode 2443) is a small, quiet locality in New South Wales within the Mid-Coast local government area. With a population of 218, the suburb has a mature demographic with a median age of 51. Households earn a median income of $73K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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, technicians & trades. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Hannam Vale stand at $1.5 million, having climbed sharply by 30.4% over the last twelve months. The current median weekly rent is $470. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $1,420.
Hannam Vale is served by 1 school, including 1 primary. The average ICSEA score is 1033, which is around the national average of 1,000. Public transport access includes 6 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 1.6%, which reads as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 20.5x is considered stretched. House prices have moved +30.4% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.