Islington is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2296). With a population of 2,026, the suburb has 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. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Islington is $1.3 million, having surged 35.2% over the past year. Units have a median price of $500,000 (-38.3% YoY). The current median weekly rent is $710. This gives a gross rental yield of approximately 2.9%. 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 6,194 incidents per 100,000 population.
From an investment perspective, Islington offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 13.6x is considered stretched. House prices have moved +35.2% year-on-year.
Islington is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2296). With a population of 2,026, the suburb has 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. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Islington is $1.3 million, having surged 35.2% over the past year. Units have a median price of $500,000 (-38.3% YoY). The current median weekly rent is $710. This gives a gross rental yield of approximately 2.9%. 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 6,194 incidents per 100,000 population.
From an investment perspective, Islington offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 13.6x is considered stretched. House prices have moved +35.2% year-on-year.