Located in New South Wales within the Mid-Coast local government area, Hawks Nest is a small community (postcode 2324). The area has roughly 1,413 residents and a predominantly older resident base, with a median age of 61. Households earn a median income of $57K 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 technicians & trades, professionals, community & personal service. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Irish.
Hawks Nest has a median house price of $1.2 million, which has surged by 24.9% year-on-year. Units have a median price of $625,000 (-0.8% YoY). The current median weekly rent is $598. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,733.
Public transport access includes 16 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
Looking at the investment signals, Hawks Nest shows a gross rental yield of approximately 2.7%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 20.3x is considered stretched. House prices have moved +24.9% 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.