Located in New South Wales within the Singleton local government area, Lower Belford is a quiet locality (postcode 2335). With a population of 407, the suburb has a mature demographic with a median age of 46. Households earn a median income of $123K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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 managers, technicians & trades, machinery operators & drivers. Employment in the area leans toward mining and agriculture. The top ancestries reported are Australian, English, Scottish.
The median house price in Lower Belford is $1.6 million, having climbed sharply by 20% over the past year. The current median weekly rent is $720. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,188.
Lower Belford is served by 1 school, including 1 primary. The average ICSEA score is 926, which is below the national average of 1,000. Public transport access includes 2 bus stops. The crime rate in the Singleton LGA is below average at 3,442 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.4% (low yield). Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 12.9x is considered stretched. House prices have moved +20.0% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.