Mount View (postcode 2325) is a quiet locality in New South Wales within the Cessnock local government area. The area has roughly 114 residents and an older-leaning population, with a median age of 49. Households earn a median income of $114K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.9% 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, clerical & administrative, technicians & trades. Employment in the area leans toward education and finance & insurance. The top ancestries reported are Australian, English, Scottish.
Mount View has a median house price of $1.7 million, which has risen steeply by 30% year-on-year. The current median weekly rent is $580. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,659.
The crime rate in the Cessnock LGA is moderate at 4,890 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 1.8% (low yield). Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 15.2x is considered stretched. House prices have moved +30.0% year-on-year. Population growth of +2.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.