McKellars Park is a small, quiet locality in New South Wales within the Lithgow local government area (postcode 2790). With a population of 210, the suburb has an established family demographic with a median age of 39. Households earn a median income of $72K per year, with an average household size of 2.2 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 clerical & administrative, professionals, community & personal service. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are Australian, English, Irish.
McKellars Park has a median house price of $569,000, which has surged by 18.8% year-on-year. The current median weekly rent is $440. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,569.
Public transport access includes 4 bus stops. The crime rate in the Lithgow LGA is moderate at 4,772 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 4.0%, which reads as moderate yield. Property prices sit below the state median ($569K/$1.5M), which can point to relative value. The price-to-income ratio of 7.9x is considered moderate. House prices have moved +18.8% 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.