Pelton is a quiet locality in New South Wales within the Cessnock local government area (postcode 2325). With a population of 82, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $81K per year, with an average household size of 2.5 people. The most common occupations are machinery operators & drivers, labourers, professionals. The top ancestries reported are Australian, English, German.
The median house price in Pelton is $735,000, having surged 13.1% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,408.
Public transport access includes 4 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Pelton offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($735K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.0x is considered moderate. House prices have moved +13.1% year-on-year.
Pelton is a quiet locality in New South Wales within the Cessnock local government area (postcode 2325). With a population of 82, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $81K per year, with an average household size of 2.5 people. The most common occupations are machinery operators & drivers, labourers, professionals. The top ancestries reported are Australian, English, German.
The median house price in Pelton is $735,000, having surged 13.1% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,408.
Public transport access includes 4 bus stops. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Pelton offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($735K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.0x is considered moderate. House prices have moved +13.1% year-on-year.