Pelaw Main is a small locality in New South Wales within the Cessnock local government area (postcode 2327). The area has roughly 1,080 residents and an established family demographic, with a median age of 39. Households earn a median income of $61K per year, with an average household size of 2.4 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 +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 technicians & trades, community & personal service, labourers. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Scottish.
Median house prices in Pelaw Main stand at $710,000, having grown strongly by 5.2% over the last twelve months. Units have a median price of $220,000. The current median weekly rent is $490. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,447.
Pelaw Main is served by 1 school, including 1 primary. The average ICSEA score is 901, 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 4,890 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.6%, which reads as moderate yield. Property prices sit below the state median ($710K/$1.5M), which can point to relative value. The price-to-income ratio of 11.6x is considered stretched. House prices have moved +5.2% 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.