Located in New South Wales within the Cessnock local government area, Paxton is a small locality (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. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.9% year-on-year at the LGA level. NSW employment has moved +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, labourers, machinery operators & drivers. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Irish.
The median house price in Paxton is $550,000, having dropped significantly by 23.1% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 5.2%. 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 4,918 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 5.2%, which reads as high yield. Property prices sit below the state median ($550K/$1.5M), which can point to relative value. The price-to-income ratio of 6.3x is considered moderate. House prices have moved -23.1% year-on-year. Population growth of +2.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.