Lovedale is a small community in New South Wales within the Cessnock local government area (postcode 2325). With a population of 502, the suburb has a mature demographic with a median age of 50. Households earn a median income of $112K per year, with an average household size of 2.7 people. The most common occupations are managers, professionals, machinery operators & drivers. The top ancestries reported are English, Australian, Scottish.
The median house price in Lovedale is $1.6 million, having dropped significantly 36.7% over the past year. Units have a median price of $413,000 (+14.6% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,498.
Public transport access includes 14 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Lovedale offers a gross rental yield of 1.8%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 13.8x is considered stretched. House prices have moved -36.7% year-on-year.
Lovedale is a small community in New South Wales within the Cessnock local government area (postcode 2325). With a population of 502, the suburb has a mature demographic with a median age of 50. Households earn a median income of $112K per year, with an average household size of 2.7 people. The most common occupations are managers, professionals, machinery operators & drivers. The top ancestries reported are English, Australian, Scottish.
The median house price in Lovedale is $1.6 million, having dropped significantly 36.7% over the past year. Units have a median price of $413,000 (+14.6% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,498.
Public transport access includes 14 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Lovedale offers a gross rental yield of 1.8%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 13.8x is considered stretched. House prices have moved -36.7% year-on-year.