Picton is a mid-sized suburb in New South Wales within the Wollondilly local government area (postcode 2571). With a population of 5,282, the suburb has 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. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Picton is $1.3 million, having risen modestly 2% over the past year. Units have a median price of $563,000 (-19.6% YoY). The current median weekly rent is $685. This gives a gross rental yield of approximately 2.8%. 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 1,550 incidents per 100,000 population.
From an investment perspective, Picton offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 11.0x is considered stretched. House prices have moved +2.0% year-on-year.
Picton is a mid-sized suburb in New South Wales within the Wollondilly local government area (postcode 2571). With a population of 5,282, the suburb has 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. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Picton is $1.3 million, having risen modestly 2% over the past year. Units have a median price of $563,000 (-19.6% YoY). The current median weekly rent is $685. This gives a gross rental yield of approximately 2.8%. 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 1,550 incidents per 100,000 population.
From an investment perspective, Picton offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 11.0x is considered stretched. House prices have moved +2.0% year-on-year.