One Mile (postcode 2316) is a small community in New South Wales within the Port Stephens local government area. The area has roughly 501 residents and a settled, mature resident base, with a median age of 54. Households earn a median income of $80K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% 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, technicians & trades. Employment in the area leans toward accommodation & food and healthcare. The top ancestries reported are English, Australian, Scottish.
Median house prices in One Mile stand at $2.3 million, having increased by 5% over the last twelve months. The current median weekly rent is $738. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $2,211.
Public transport access includes 8 bus stops. The crime rate in the Port Stephens LGA is below average at 3,152 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 1.7% (low yield). Property prices are above the state median ($2.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 28.7x is considered stretched. House prices have moved +5.0% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.