Hassall Grove (postcode 2761) is a smaller suburb in New South Wales within the Blacktown local government area. With a population of 4,401, the suburb has a blend of families and working-age professionals with a median age of 32. Households earn a median income of $105K per year, with an average household size of 3.3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.2% 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 clerical & administrative, machinery operators & drivers, professionals. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Filipino.
Median house prices in Hassall Grove stand at $1.0 million, having grown strongly by 8.6% over the last twelve months. Units have a median price of $750,000 (+138.1% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $2,000.
Hassall Grove is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 961, which is around the national average of 1,000. Public transport access includes 20 bus stops. The crime rate in the Blacktown LGA is below average at 3,307 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 3.3%, which reads as moderate yield. Property prices sit below the state median ($1.0M/$1.5M), which can point to relative value. The price-to-income ratio of 9.6x is considered moderate. House prices have moved +8.6% year-on-year. Population growth of +2.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.