Hazelbrook is a moderately sized suburb in New South Wales within the Blue Mountains local government area (postcode 2779). It is home to about 5,077 residents, with an established family demographic and a median age of 41. Households earn a median income of $93K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% 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, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Hazelbrook stand at $1.1 million, having risen steeply by 18.2% over the last twelve months. Units have a median price of $700,000 (+2.3% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,950.
Hazelbrook is served by 3 schools, including 2 primary, 1 combined. The average ICSEA score is 1067, which is above the national average of 1,000. Public transport access includes 4 rail stations, 40 bus stops. The crime rate in the Blue Mountains LGA is low at 1,840 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 3.2% (moderate yield). Property prices sit below the state median ($1.1M/$1.5M), which can point to relative value. The price-to-income ratio of 11.3x is considered stretched. House prices have moved +18.2% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.