Pelaw Main is a small community in New South Wales within the Cessnock local government area (postcode 2327). With a population of 1,080, the suburb has an established 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. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Pelaw Main is $615,000, having dropped significantly 14% over the past year. Units have a median price of $563,000 (+24% YoY). The current median weekly rent is $498. This gives a gross rental yield of approximately 4.2%. 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 4,766 incidents per 100,000 population.
From an investment perspective, Pelaw Main offers a gross rental yield of 4.2%, 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 10.1x is considered stretched. House prices have moved -14.0% year-on-year.
Pelaw Main is a small community in New South Wales within the Cessnock local government area (postcode 2327). With a population of 1,080, the suburb has an established 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. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Pelaw Main is $615,000, having dropped significantly 14% over the past year. Units have a median price of $563,000 (+24% YoY). The current median weekly rent is $498. This gives a gross rental yield of approximately 4.2%. 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 4,766 incidents per 100,000 population.
From an investment perspective, Pelaw Main offers a gross rental yield of 4.2%, 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 10.1x is considered stretched. House prices have moved -14.0% year-on-year.