Jerrara (postcode 2533) is a small, quiet locality in New South Wales within the Kiama local government area. With a population of 132, the suburb has an established family demographic with a median age of 41. Households earn a median income of $151K per year, with an average household size of 3.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.1% 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, managers, clerical & administrative. Employment in the area leans toward agriculture and public admin & safety. The top ancestries reported are Australian, English, Irish.
The median house price in Jerrara is $2.8 million, having surged by 54.8% over the past year. The current median weekly rent is $750. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $1,867.
Public transport access includes 4 bus stops. The crime rate in the Kiama LGA is low at 1,682 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 1.4%, which reads as low yield. Property prices are above the state median ($2.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.7x is considered stretched. House prices have moved +54.8% year-on-year. Population growth of -0.1% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.