Located in New South Wales within the Hawkesbury local government area, Pitt Town is a smaller residential area (postcode 2756). With a population of 3,871, the suburb has an established family demographic with a median age of 38. Households earn a median income of $141K per year, with an average household size of 3.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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, clerical & administrative, managers. Employment in the area leans toward construction and healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in Pitt Town stand at $1.7 million, having declined steeply by 11.2% over the last twelve months. The current median weekly rent is $650. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,969.
Pitt Town is served by 1 school, including 1 primary. The average ICSEA score is 987, which is around the national average of 1,000. Public transport access includes 28 bus stops. The crime rate in the Hawkesbury LGA is below average at 2,682 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.0%, which reads as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 12.3x is considered stretched. House prices have moved -11.2% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.