Paxton is a small community in New South Wales within the Cessnock local government area (postcode 2325). With a population of 1,215, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $88K per year, with an average household size of 2.9 people. The most common occupations are technicians & trades, labourers, machinery operators & drivers. The top ancestries reported are Australian, English, Irish.
The median house price in Paxton is $690,000, having declined 4.2% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,671.
Paxton is served by 1 school, including 1 primary. The average ICSEA score is 926, which is below the national average of 1,000. Public transport access includes 7 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Paxton offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($690K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.8x is considered moderate. House prices have moved -4.2% year-on-year.
Paxton is a small community in New South Wales within the Cessnock local government area (postcode 2325). With a population of 1,215, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $88K per year, with an average household size of 2.9 people. The most common occupations are technicians & trades, labourers, machinery operators & drivers. The top ancestries reported are Australian, English, Irish.
The median house price in Paxton is $690,000, having declined 4.2% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,671.
Paxton is served by 1 school, including 1 primary. The average ICSEA score is 926, which is below the national average of 1,000. Public transport access includes 7 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Paxton offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($690K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.8x is considered moderate. House prices have moved -4.2% year-on-year.