Located in New South Wales within the Cessnock local government area, Laguna is a quiet locality (postcode 2325). With a population of 310, the suburb has a predominantly older resident base with a median age of 57. Households earn a median income of $70K per year, with an average household size of 1.9 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 professionals, managers, technicians & trades. Employment in the area leans toward construction and accommodation & food. The top ancestries reported are English, Australian, Irish.
Laguna has a median house price of $945,000, holding roughly steady year-on-year. The current median weekly rent is $580. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,517.
Laguna is served by 1 school, including 1 primary. The average ICSEA score is 969, which is around the national average of 1,000. Public transport access includes 9 bus stops. The crime rate in the Cessnock LGA is moderate at 4,890 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 3.2%, which reads as moderate yield. Property prices sit below the state median ($945K/$1.5M), which can point to relative value. The price-to-income ratio of 13.5x is considered stretched. House prices have moved +0.0% 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.