Islington (postcode 2296) is a smaller residential area in New South Wales within the Newcastle local government area. The area has roughly 2,026 residents and a mix of young professionals and families, with a median age of 35. Households earn a median income of $95K 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 professionals, community & personal service, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Islington has a median house price of $950,000, holding roughly steady year-on-year. Units have a median price of $787,000 (+6% YoY). The current median weekly rent is $845. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $2,000.
Islington is served by 1 school, including 1 primary. The average ICSEA score is 1090, which is above the national average of 1,000. Public transport access includes 1 rail station, 16 bus stops. The crime rate in the Newcastle LGA is moderate at 6,285 incidents per 100,000 population.
From an investment perspective, Islington shows a gross rental yield of approximately 4.6%, rated as moderate yield. Property prices sit below the state median ($950K/$1.5M), which can point to relative value. The price-to-income ratio of 10.0x is considered moderate. House prices have moved +0.0% 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.