Located in New South Wales within the Cessnock local government area, Heddon Greta is a smaller residential area (postcode 2321). It is home to about 2,838 residents, with a blend of families and working-age professionals and a median age of 33. Households earn a median income of $111K per year, with an average household size of 2.9 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.9% 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, clerical & administrative, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Scottish.
The median house price in Heddon Greta is $875,000, having grown strongly by 6.3% over the past year. Units have a median price of $673,000 (+21.6% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,950.
Public transport access includes 18 bus stops. The crime rate in the Cessnock LGA is moderate at 4,890 incidents per 100,000 population.
Looking at the investment signals, Heddon Greta shows a gross rental yield of approximately 3.9%, rated as moderate yield. Property prices sit below the state median ($875K/$1.5M), which can point to relative value. The price-to-income ratio of 7.9x is considered moderate. House prices have moved +6.3% year-on-year. Population growth of +2.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.