Mount Vincent is a quiet locality in New South Wales within the Cessnock local government area (postcode 2323). With a population of 380, the suburb has a mature demographic with a median age of 46. Households earn a median income of $119K per year, with an average household size of 2.8 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Mount Vincent is $1.3 million, having dropped significantly 13% over the past year. The current median weekly rent is $595. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,000.
Public transport access includes 5 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Mount Vincent offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 11.0x is considered stretched. House prices have moved -13.0% year-on-year.
Mount Vincent is a quiet locality in New South Wales within the Cessnock local government area (postcode 2323). With a population of 380, the suburb has a mature demographic with a median age of 46. Households earn a median income of $119K per year, with an average household size of 2.8 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Mount Vincent is $1.3 million, having dropped significantly 13% over the past year. The current median weekly rent is $595. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,000.
Public transport access includes 5 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Mount Vincent offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 11.0x is considered stretched. House prices have moved -13.0% year-on-year.