Lithgow is a compact suburb in New South Wales within the Lithgow local government area (postcode 2790). It is home to about 4,956 residents, with a settled, mature resident base and a median age of 49. Households earn a median income of $53K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.5% 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, professionals, community & personal service. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Irish.
Lithgow has a median house price of $578,000, which has risen solidly by 7.9% year-on-year. Units have a median price of $382,000 (-16% YoY). The current median weekly rent is $440. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,326.
Lithgow is served by 6 schools, including 4 primary, 2 secondary. The average ICSEA score is 942, which is below the national average of 1,000. Public transport access includes 3 rail stations, 81 bus stops. The crime rate in the Lithgow LGA is moderate at 4,772 incidents per 100,000 population.
Looking at the investment signals, Lithgow shows a gross rental yield of approximately 4.0%, rated as moderate yield. Property prices sit below the state median ($578K/$1.5M), which can point to relative value. The price-to-income ratio of 11.0x is considered stretched. House prices have moved +7.9% year-on-year. Population growth of -0.5% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.