Nericon (postcode 2680) is a small, quiet locality in New South Wales within the Griffith local government area. It is home to about 278 residents, with an established family demographic and a median age of 39. Households earn a median income of $98K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% 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, machinery operators & drivers, labourers. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Italian.
Median house prices in Nericon stand at $700,000, having jumped by 97.2% over the last twelve months. The current median weekly rent is $500. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,625.
Public transport access includes 23 bus stops. The crime rate in the Griffith LGA is moderate at 4,441 incidents per 100,000 population.
Looking at the investment signals, Nericon shows a gross rental yield of approximately 3.7%, rated as moderate yield. Property prices sit below the state median ($700K/$1.5M), which can point to relative value. The price-to-income ratio of 7.1x is considered moderate. House prices have moved +97.2% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.