Picton is a medium-sized suburb in New South Wales within the Wollondilly local government area (postcode 2571). The area has roughly 5,282 residents and an established demographic, with a median age of 38. Households earn a median income of $113K per year, with an average household size of 2.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.9% 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 professionals, technicians & trades, managers. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
Picton has a median house price of $1.2 million, which has risen steeply by 17.1% year-on-year. Units have a median price of $700,000 (+4.5% YoY). The current median weekly rent is $780. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $2,383.
Picton is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 987, which is around the national average of 1,000. Public transport access includes 2 rail stations, 101 bus stops. The crime rate in the Wollondilly LGA is low at 1,609 incidents per 100,000 population.
Looking at the investment signals, Picton shows a gross rental yield of approximately 3.3%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 10.8x is considered stretched. House prices have moved +17.1% year-on-year. Population growth of +3.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.