New Brighton is a small, quiet locality in New South Wales within the Byron local government area (postcode 2483). With a population of 368, the suburb has an older-leaning population with a median age of 45. Households earn a median income of $85K per year, with an average household size of 2.4 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 professionals, managers, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Median house prices in New Brighton stand at $1.7 million, having declined steeply by 8.7% over the last twelve months. The current median weekly rent is $740. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,600.
Public transport access includes 2 bus stops. The crime rate in the Byron LGA is moderate at 4,232 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 2.3% (low yield). Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 19.7x is considered stretched. House prices have moved -8.7% 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.