Hexham is a quiet locality in New South Wales within the Newcastle local government area (postcode 2322). The area has roughly 157 residents and a blend of families and working-age professionals, with a median age of 35. Households earn a median income of $48K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% 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 labourers, clerical & administrative, technicians & trades. Employment in the area leans toward education and manufacturing. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Hexham is $410,000, having dipped slightly by 1.2% over the past year. The current median weekly rent is $680. This gives a gross rental yield of approximately 8.6%. The median monthly mortgage repayment is $1,300.
Public transport access includes 9 bus stops. The crime rate in the Newcastle LGA is moderate at 6,285 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 8.6% (high yield). Property prices sit below the state median ($410K/$1.5M), which can point to relative value. The price-to-income ratio of 8.5x is considered moderate. House prices have moved -1.2% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.