Paynes Crossing is a quiet locality in New South Wales within the Cessnock local government area (postcode 2325). With a population of 50, the suburb has an older demographic with a median age of 61. Households earn a median income of $71K per year, with an average household size of 2.3 people. The most common occupations are managers, community & personal service, sales. The top ancestries reported are English, Australian, Irish.
The median house price in Paynes Crossing is $615,000, having surged 66.2% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,992.
The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Paynes Crossing offers a gross rental yield of 4.7%, rated as moderate yield. Property prices sit below the state median ($615K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.6x is considered moderate. House prices have moved +66.2% year-on-year.
Paynes Crossing is a quiet locality in New South Wales within the Cessnock local government area (postcode 2325). With a population of 50, the suburb has an older demographic with a median age of 61. Households earn a median income of $71K per year, with an average household size of 2.3 people. The most common occupations are managers, community & personal service, sales. The top ancestries reported are English, Australian, Irish.
The median house price in Paynes Crossing is $615,000, having surged 66.2% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,992.
The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Paynes Crossing offers a gross rental yield of 4.7%, rated as moderate yield. Property prices sit below the state median ($615K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.6x is considered moderate. House prices have moved +66.2% year-on-year.