Otford is a quiet locality in New South Wales within the Wollongong local government area (postcode 2508). With a population of 396, the suburb has an established demographic with a median age of 40. Households earn a median income of $143K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Otford is $1.4 million, having surged 13.4% over the past year. The current median weekly rent is $798. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,739.
Otford is served by 1 school, including 1 primary. The average ICSEA score is 1104, which is well above the national average of 1,000. Public transport access includes 1 rail station, 2 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Otford offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 10.0x is considered stretched. House prices have moved +13.4% year-on-year.
Otford is a quiet locality in New South Wales within the Wollongong local government area (postcode 2508). With a population of 396, the suburb has an established demographic with a median age of 40. Households earn a median income of $143K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Otford is $1.4 million, having surged 13.4% over the past year. The current median weekly rent is $798. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,739.
Otford is served by 1 school, including 1 primary. The average ICSEA score is 1104, which is well above the national average of 1,000. Public transport access includes 1 rail station, 2 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Otford offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 10.0x is considered stretched. House prices have moved +13.4% year-on-year.