Mount Elliot (postcode 2250) is a quiet locality in New South Wales within the Central Coast (NSW) local government area. It is home to about 169 residents, with an older-leaning population and a median age of 48. Households earn a median income of $134K per year, with an average household size of 3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 professionals, sales, managers. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are English, Australian, Scottish.
Median house prices in Mount Elliot stand at $1.9 million, having risen steeply by 47.7% over the last twelve months. The current median weekly rent is $650. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,909.
The crime rate in the Central Coast (NSW) LGA is below average at 3,557 incidents per 100,000 population.
Looking at the investment signals, Mount Elliot shows a gross rental yield of approximately 1.8%, rated as low yield. Property prices are near the state median ($1.9M/$1.5M). The price-to-income ratio of 14.3x is considered stretched. House prices have moved +47.7% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.