Harrington is a smaller residential area in New South Wales within the Mid-Coast local government area (postcode 2427). It is home to about 3,381 residents, with a more retirement-aged population and a median age of 64. Households earn a median income of $46K per year, with an average household size of 2 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, community & personal service, labourers. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Irish.
The median house price in Harrington is $774,000, having risen modestly by 0.7% over the past year. Units have a median price of $645,000 (+15.2% YoY). The current median weekly rent is $510. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,517.
Harrington is served by 1 school, including 1 primary. The average ICSEA score is 949, which is below the national average of 1,000. Public transport access includes 49 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 3.4%, which reads as moderate yield. Property prices sit below the state median ($774K/$1.5M), which can point to relative value. The price-to-income ratio of 16.9x is considered stretched. House prices have moved +0.7% 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.