Otford is a quiet locality in New South Wales within the Wollongong local government area (postcode 2508). The area has roughly 396 residents and an established family 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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 professional services and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Otford stand at $1.3 million, having increased by 3% over the last twelve months. The current median weekly rent is $820. This gives a gross rental yield of approximately 3.3%. 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 3,563 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 3.3% (moderate yield). Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 9.1x is considered moderate. House prices have moved +3.0% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.