Located in New South Wales within the Parkes local government area, Peak Hill is a close-knit residential community (postcode 2869). The area has roughly 1,162 residents and an older-leaning population, with a median age of 48. Households earn a median income of $52K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.4% 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 managers, community & personal service, professionals. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in Peak Hill stand at $300,000, having surged by 33.3% over the last twelve months. The current median weekly rent is $340. This gives a gross rental yield of approximately 5.9%. The median monthly mortgage repayment is $814.
Peak Hill is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 832, which is well below the national average of 1,000. Public transport access includes 1 rail station, 60 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Parkes LGA is moderate at 5,830 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 5.9% (high yield). Property prices sit below the state median ($300K/$1.5M), which can point to relative value. The price-to-income ratio of 5.8x is considered affordable. House prices have moved +33.3% year-on-year. Population growth of -0.4% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.