Pokolbin (postcode 2320) is a small locality in New South Wales within the Cessnock local government area. The area has roughly 1,049 residents and a more retirement-aged population, with a median age of 57. Households earn a median income of $125K per year, with an average household size of 2.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.9% 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 managers, professionals, clerical & administrative. Employment in the area leans toward accommodation & food and manufacturing. The top ancestries reported are English, Australian, Scottish.
The median house price in Pokolbin is $1.2 million, having fallen sharply by 50.3% over the past year. Units have a median price of $385,000 (-8.1% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,550.
Public transport access includes 15 bus stops. The crime rate in the Cessnock LGA is moderate at 4,890 incidents per 100,000 population.
Looking at the investment signals, Pokolbin shows a gross rental yield of approximately 2.7%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 9.6x is considered moderate. House prices have moved -50.3% year-on-year. Population growth of +2.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.