Pokolbin is a small community in New South Wales within the Cessnock local government area (postcode 2320). With a population of 1,049, the suburb has an older demographic with a median age of 57. Households earn a median income of $125K per year, with an average household size of 2.4 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Pokolbin is $1.2 million, having dropped significantly 13% over the past year. Units have a median price of $368,000 (-4.5% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 2.6%. 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 4,766 incidents per 100,000 population.
From an investment perspective, Pokolbin offers a gross rental yield of 2.6%, 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 -13.0% year-on-year.
Pokolbin is a small community in New South Wales within the Cessnock local government area (postcode 2320). With a population of 1,049, the suburb has an older demographic with a median age of 57. Households earn a median income of $125K per year, with an average household size of 2.4 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Pokolbin is $1.2 million, having dropped significantly 13% over the past year. Units have a median price of $368,000 (-4.5% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 2.6%. 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 4,766 incidents per 100,000 population.
From an investment perspective, Pokolbin offers a gross rental yield of 2.6%, 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 -13.0% year-on-year.