Port Hacking is a close-knit residential community in New South Wales within the Sutherland Shire local government area (postcode 2229). The area has roughly 1,210 residents and an established family demographic, with a median age of 40. Households earn a median income of $176K per year, with an average household size of 3.2 people. 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, managers, clerical & administrative. Employment in the area leans toward construction and professional services. The top ancestries reported are Australian, English, Irish.
The median house price in Port Hacking is $3.1 million, having risen steeply by 16.4% over the past year. Units have a median price of $2.3 million (+37.3% YoY). The current median weekly rent is $865. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $3,500.
Public transport access includes 3 bus stops. The crime rate in the Sutherland Shire LGA is low at 1,776 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 1.4%, which reads as low yield. Property prices are above the state median ($3.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 17.8x is considered stretched. House prices have moved +16.4% year-on-year.