Middle Pocket (postcode 2483) is a sparsely populated locality in New South Wales within the Byron local government area. With a population of 141, the suburb has an established demographic with a median age of 44. Households earn a median income of $89K per year, with an average household size of 2.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% 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, professionals, clerical & administrative. Employment in the area leans toward construction and accommodation & food. The top ancestries reported are English, Australian, Scottish.
The median house price in Middle Pocket is $380,000, having dropped significantly by 43.7% over the past year. The current median weekly rent is $740. This gives a gross rental yield of approximately 10.1%. The median monthly mortgage repayment is $2,008.
The crime rate in the Byron LGA is moderate at 4,232 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 10.1% (high yield). Property prices sit below the state median ($380K/$1.5M), which can point to relative value. The price-to-income ratio of 4.3x is considered affordable. House prices have moved -43.7% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.