Kurri Kurri is a moderately sized suburb in New South Wales within the Cessnock local government area (postcode 2327). With a population of 6,174, the suburb has an established family demographic with a median age of 38. Households earn a median income of $65K per year, with an average household size of 2.4 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, labourers, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in Kurri Kurri stand at $650,000, having risen solidly by 7.9% over the last twelve months. Units have a median price of $479,000 (+7.5% YoY). The current median weekly rent is $490. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,417.
Kurri Kurri is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 926, which is below the national average of 1,000. Public transport access includes 1 rail station, 38 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Cessnock LGA is moderate at 4,890 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 3.9% (moderate yield). Property prices sit below the state median ($650K/$1.5M), which can point to relative value. The price-to-income ratio of 10.0x is considered moderate. House prices have moved +7.9% 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.