Located in New South Wales within the Mid-Coast local government area, Old Bar is a medium-sized suburb (postcode 2430). It is home to about 5,126 residents, with a mature demographic and a median age of 50. Households earn a median income of $61K per year, with an average household size of 2.3 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, community & personal service, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are Australian, English, Irish.
Median house prices in Old Bar stand at $835,000, having risen by 4.7% over the last twelve months. Units have a median price of $554,000 (+10.7% YoY). The current median weekly rent is $530. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,690.
Old Bar is served by 1 school, including 1 primary. The average ICSEA score is 994, which is around the national average of 1,000. Public transport access includes 106 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.3%, which reads as moderate yield. Property prices sit below the state median ($835K/$1.5M), which can point to relative value. The price-to-income ratio of 13.7x is considered stretched. House prices have moved +4.7% 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.